Hashi Debuts With Native Bitcoin-Backed Lending Today's Sui Network News centers on Hashi, a new Bitcoin collateralization primitive built for the platform. The Sui Foundation confirmed the u
Today's Sui Network News centers on Hashi, a new Bitcoin collateralization primitive built for the platform.
The Sui Foundation confirmed the update through its official X account on September 16, 2026, saying mainnet access is coming soon. A companion post from MSB Intel, shared the same morning, carried a similar message about the launch.
The primitive lets BTC stay on its home chain while it becomes usable as programmable collateral elsewhere; over a trillion dollars in BTC sits idle today because using it usually means handing it to a custodian. This Sui Network News update frames the launch as a fix for that gap.
Source:Official X Post
Hashi is described as a decentralized Bitcoin collateralization primitive. It lets holders put BTC to work in smart contracts without moving it to a centralized balance sheet.
The project states that Bitcoin never leaves its native chain. Instead, it becomes programmable collateral through code-enforced rules.
The setup rests on two trust points only, according to theofficial documentation: the validator set running the platform and the smart contract that governs each loan. Everything else is meant to run without manual steps.
The official page lays out a four-step process for turning BTC into usable collateral, a detail central to this Sui Network News rollout.
Step
What Happens
Deposit
The user sends native BTC to a personal 2-of-2 multisig address.
Confirm
Validators reach quorum after confirmations and mint equivalent BTC.
Collateralize
The holder sets loan to value ratio and draws stablecoin liquidity.
Withdraw
Position is repaid, and native BTC is released automatically.
Security relies on threshold Schnorr signatures, where funds move only after roughly one third of validators sign off.
A guardian layer acts as a secondary check, and real-time price oracles are meant to trigger collateral calls or liquidation under contract-defined terms.
Source:Official Website
As of this Sui Network News report, the protocol is listed as available on devnet, with testnet access also referenced on the official page. Neither the Foundation nor the project has published an exact mainnet date.
The official page also lists a coming soon custody layer insurance feature, where claims on covered custody failures would be paid out in Bitcoin rather than a stablecoin.
Much of this Sui Network News angle centers on giving Bitcoin holders new ways to use idle BTC without selling it. Key points from the official page include:
BTC stays native while unlocking use for stablecoin borrowing, business liquidity, or trading capital
Interest comes from lending spreads rather than token rewards
A debt-based structure may avoid triggering a taxable sale, subject to local rules
Day one integrations include custodians, lending venues, DeFi protocols, and wallet providers
Institutional participation is framed as central to the rollout, with custody providers and lending desks listed as day one integration categories on the official page.
The stated goal is to give large holders a code-enforced path to liquidity, replacing reliance on opaque credit arrangements that caused losses in past market cycles.
Metric
Value
Price
$0.6894
24-hour change
down 2.99 percent
Market cap
$2.82 billion
24-hour volume
$533.98 million
The token traded near these levels at the time of this Sui Network News update.
Source:CoinMarketCap Chart
Note: Prices can change quickly, so figures may not reflect the latest value. Readers should check a live price tracker for current data.
Hashi marks a fresh attempt at letting Bitcoin work as collateral without leaving its own chain.
The idea, paired with the platform's smart contract layer, aims to give holders code-enforced lending rather than custodial trust.
A confirmed mainnet date will matter most for how quickly adoption follows this Sui Network News moment.
YMYL Disclaimer: This article is for informational purposes only and is not financial advice. It does not constitute a recommendation to buy, sell, or hold any asset, and readers should conduct independent research before making decisions.
