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Hashi launches Bitcoin-finance protocol on Sui enabling BTC collateral use without moving coins

Protocol Fundamentals
07 Oct 2026
Tokenpost
View Source
Bullish
Hashi launches Bitcoin-finance protocol on Sui enabling BTC collateral use without moving coins

Hashi has launched a testnet for its Bitcoin-finance protocol on the Sui blockchain, allowing users to use Bitcoin as collateral without transferring the coins from the Bitcoin network. The protocol uses a Guardian Layer with a 2-of-2 multisignature system involving Hashi validators and a guardian to manage Bitcoin-backed activities within Sui's smart-contract ecosystem. Over 20 institutional partners from custody, lending, asset management, and other sectors have joined, supporting applications like lending, borrowing, credit markets, and structured products. This approach preserves Bitcoin's position on its native network while enabling financial functions through Sui smart contracts.

Hashi's Bitcoin finance layer on Sui is the subject, with Pluang market data providing context. As of Oct 08, 2026 08:21 WIB, out of 50 major cryptocurrencies on Pluang, 7 rose and 42 fell. Notable price changes include SAND at Rp1.368 (+9.85%), ENJ at Rp547 (-8.14%), and EOS at Rp12.649 (+8.13%).

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