Sui states Hashi will launch its mainnet in phases by the end of this month, securing over 500000000 USD in capital commitments

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Sui Native Bitcoin financial infrastructure Hashi Mainnet to launch this month, securing over 500000000 USD in capital commitments

BlockBeats news,October 8, according to the Sui Foundation announcement,Sui native Bitcoin financial infrastructure Hashi will launch its mainnet this month through a phased rollout. Currently,Hashi has secured over 500000000 USD in capital commitments, with more than 20 crypto-industry institutions participating in its launch alliance. Anchorage Digital will also join as an early partner.

Hashi aims to bring native BTC into programmable financial markets on Sui. In Hashi,BTC remains on the Bitcoin network. After users deposit BTC,Hashi mints the corresponding Sui on hBTC. Users can use hBTC to participate in on-chain financial applications, including lending and borrowing, credit, yield vaults, and structured products. Upon exit,hBTC is burned, and the corresponding native BTC is released back to the Bitcoin network.

Sui stated that more than 500000000 USD in capital commitments are currently available to provide initial liquidity for Bitcoin financial markets on Hashi. The related funds will enter lending, borrowing, credit, and other Hashi-supported markets through BTC vault providers such as Aftermath, Concrete, and Fluid.

Regarding institutional participation, Anchorage Digital will connect to Hashi through two channels. Its Atlas settlement and tri-party collateral infrastructure will provide access for institutions meeting qualified custody, compliance, and operational requirements; meanwhile, Anchorage Digital's institutional self-custody wallet, Porto, will also support institutions' direct use of Hashi. In addition, Anchorage Digital plans to provide stablecoin liquidity to Hashi.

Hashi use cases include obtaining stablecoin liquidity using BTC as collateral,BTC lending and borrowing,BTC-supported credit products, automated vaults, structured products, real-world assets, and Bitcoin-backed bonds. Institutions including BitGo, Bullish, Cumberland, FalconX, and Ledger have also participated in building the Hashi ecosystem.

On security,Hashi uses MPC、Sui smart contracts and Guardian Layer to establish multi-layered protections.BTC collateral uses a 2/2 multisignature mechanism, jointly authorized by Hashi validators and Guardians. Its smart contracts have undergone formal verification by Certora, while CommonPrefix completed a cryptographic security audit of the MPC protocol.Sui stated that Hashi mainnet will gradually expand access by the end of this month. As partners complete integrations, native BTC will begin to be used in live environments as programmable collateral in the Sui ecosystem.

Key points

Sui Foundation stated that Hashi mainnet will launch in phases this month.
Hashi has secured over 500000000 USD in capital commitments, with over 20 crypto-industry institutions participating in the launch alliance.
Hashi allows users to deposit BTC that remains on the Bitcoin network and mint the corresponding Sui on hBTC。
. Users can use hBTC to participate in applications such as lending and borrowing, credit, yield vaults, and structured products; upon exit,hBTC is burned and the corresponding BTC is released back to the Bitcoin network.
Anchorage Digital will connect to Hashi through Atlas settlement and tri-party collateral infrastructure and the institutional self-custody wallet Porto, and plans to provide stablecoin liquidity.
Hashi uses MPC、Sui smart contracts, Guardian Layer, and a 2/2 multisignature mechanism to establish protections.
Hashi Its smart contracts have undergone formal verification by Certora, and CommonPrefix completed a cryptographic security audit of the MPC protocol.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Hashi wants to bring BTC into financial applications on Sui.BTC itself remains on the Bitcoin network, while Hashi issues on Sui a BTC representing the corresponding hBTC. Users can use it for lending and borrowing or other products, and exchange it back for native BTC。

Why it matters to readers

If the mainnet opens as planned and attracts capital,BTC may see increased use in on-chain lending and other financial applications on Sui; however, capital commitments do not equal deployed liquidity.

upon exit. This demonstrates one approach to cross-chain finance: assets remain on the original network, while a corresponding receipt is used on another chain to participate in applications. Users should consider custody, smart-contract, redemption, and liquidity risks.

Risks and unknowns

The provided materials do not include the Sui Foundation original announcement, so its content cannot be independently verified.
More than 500000000 USD is a capital commitment; the materials do not specify how much of it has already been deployed.
Whether the mainnet will launch as planned by the end of this month, and how the scope of access will expand, remain to be confirmed.
The integration progress of partners and actual user adoption remain unclear.
The materials mention security reviews and formal verification, but provide no details on the scope of the reviews, their conclusions, or the original reports.

Sui states Hashi will launch its mainnet in phases by the end of this month, securing over 500000000 USD in capital commitments

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