Sui Foundation and Industry Giants Launch Hashi Bitcoin Finance Primitive

On 19 March 2026, the Sui Foundation announced the upcoming devnet launch of Hashi, a Sui-based primitive that integrates native bitcoin ( BTC) into onchain financial services. Industry giants including Bitgo, Bullish, FalconX, and Ledger have committed to the platform to unlock capital efficiency for the $1.4 trillion bitcoin market.

Hashi utilizes multi-party computation (MPC) and the ERC-3643 standard to allow users to lend or borrow against BTC without selling the underlying asset. The protocol features institutional-grade insurance from Soter and formal verification from security firms like Certora to ensure mathematical certainty and collateral safety.

Following the devnet phase, Hashi will move to mainnet where partners like Wave Digital plan to issue secured, rated bonds collateralized by bitcoin. Native Sui protocols such as Navi and Scallop will also provide immediate access to BTC-backed stablecoin loans for the broader community.

“Think of Hashi as the unlock for developers to design solutions opening access to trillions in BTC liquidity,” said Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs.

🧭 FAQs

• What is the primary function of the Hashi primitive on Sui? Hashi enables native bitcoin-backed lending and yield generation through decentralized smart contracts.

• Which institutional partners are providing liquidity for Hashi at launch? FalconX, Bullish, and Erebor Bank have pledged BTC and stablecoin liquidity for lending.

• How does Hashi ensure the security of institutional bitcoin collateral? The protocol uses multi-party computation and underwent formal verification by premier security firms.

• Will retail users have access to these bitcoin financial services? Local protocols like Alphalend and Suilend will offer Hashi-powered lending to retail participants.