Sui Blockchain Launches Bitcoin-Collateralized Lending Protocol Hashi

The Sui Foundation has announced the development of Hashi, a novel Bitcoin-collateralized lending primitive based on the Sui blockchain.

Hashi combines Multi-Party Computation (MPC) security with Sui smart contracts to facilitate native BTC for on-chain stablecoin lending, structured products, and automated collateral management.

The protocol has garnered significant interest from institutions, with BitGo, Bullish, Erebor Bank, FalconX, Fordefi, and Ledger committing to participate. Additionally, several Sui ecosystem protocols, including AlphaLend, Navi, Scallop, and Suilend, will integrate with Hashi on the mainnet launch.

Hashi's smart contracts will undergo rigorous auditing and formal verification by Asymptotic, Certora, and OtterSec to ensure their security and integrity.