Grayscale Taps Trillions in Dormant Bitcoin with New DeFi Product

Grayscale has introduced Hashi, a product designed to help institutions holding idle Bitcoin participate in DeFi. Announced on June 28, 2026, Hashi addresses over $1 trillion worth of dormant Bitcoin currently sitting inactive.

The company is positioning itself as a leader in Bitcoin DeFi by offering a solution that allows institutions to activate their dormant assets for BTC-backed lending and collateralization. This approach could significantly reshape how institutions engage with Bitcoin-based finance.

Grayscale, founded in 2013 and a subsidiary of Digital Currency Group since 2015, is a prominent digital asset manager that introduced the first publicly traded Bitcoin fund in the United States.