BlockBeats News, March 20, according to official sources, Sui Network has officially launched a new project, Hashi, aiming to usher in a new phase of Bitcoin finance, with support from industry institutions including BitGo, Bullish, Erebor Bank, FalconX, Fordefi, and Ledger.
The project is currently live on Sui’s development network (Devnet), committed to introducing core financial services such as credit issuance and lending into the Bitcoin ecosystem in a transparent and compliant environment. Hashi aims to drive the large-scale institutional participation in Bitcoin, thereby enhancing the capital efficiency and financial depth of the entire ecosystem.
Through Hashi, Bitcoin holders (whether institutional or retail) will be able to earn yield, lend, or borrow against their BTC holdings. At the same time, the platform also provides developers with the infrastructure to build innovative financial products, enabling BTC to be “activated” and utilized in more real-world scenarios.
