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Sui's Hashi secures $500M+ to enable Bitcoin-backed lending via Anchorage Digital partnership

Protocol Fundamentals
21 Oct 2026
Coinpaper
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Bullish
Sui's Hashi secures $500M+ to enable Bitcoin-backed lending via Anchorage Digital partnership

Sui is launching Hashi, a Bitcoin finance platform with over $500 million in capital commitments, aiming to enable Bitcoin-backed lending and borrowing on the blockchain. Anchorage Digital joins as a key partner, providing institutional custody and collateral access through its Atlas and Porto platforms. Hashi allows users to deposit BTC as collateral, receive a tokenized version (hBTC) on Sui, and interact with lending protocols while keeping Bitcoin secure on its original blockchain. The phased rollout begins in October, potentially expanding Bitcoin's use in decentralized finance and institutional markets, though actual liquidity deployment and security remain critical factors.

The story on Sui's $500 million Bitcoin finance plan provides context for cryptocurrency market activity. For readers following the crypto sector, here is Pluang's market snapshot as of Oct 22, 2026 00:51 WIB: Among 50 major cryptocurrencies, 40 rose and 9 fell today. Ethereum Classic (ETC) gained 3.78% to Rp147.192 with a typical hold time of 68 days, Chainlink (LINK) rose 3.34% to Rp228.040 with 63 days typical hold time, and Bitcoin Cash (BCH) also increased 3.34% to Rp5.182.519 with a typical hold time of 69 days. Pluang order activity showed a majority buy interest for these assets.

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