Hashi Secures Over $500M in Commitments to Bring Institutional Bitcoin Collateral to Sui via Anchorage

Hashi, an institutional infrastructure initiative building on the Sui network, announced on Oct. 8 that it has secured more than $500 million in partner capital commitments ahead of its phased mainnet launch scheduled for later in October. Backed by over 20 partners, including regulated digital asset platform Anchorage Digital, the protocol facilitates institutional Bitcoin lending via hBTC, a synthetic asset minted on Sui representing off-chain vaulted BTC. According to project disclosures, Anchorage Digital will serve as a launch partner offering regulated and self-custody pathways to circumvent standard retail DeFi tooling. The project noted that the $500 million figure represents preliminary liquidity pledges rather than active total value locked (TVL), with network adoption dependent on whether these capital commitments translate into sustained borrowing demand across Sui's decentralized finance ecosystem.

Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.

Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.