Sui will launch Hashi, a Bitcoin collateralized lending protocol, and devnet is about to launch

The Sui Foundation announced that it will launch Hashi, a Bitcoin collateralized lending primitive based on the Sui chain. Devnet is about to be launched, and the mainnet is scheduled to go live later this year. Hashi adopts multi-party computation (MPC) security mechanism and Sui smart contract, supporting native BTC for stablecoin lending, structured products, and automated collateral management on the chain. BitGo, Bullish, Erebor Bank, FalconX, Fordefi, Ledger, and other institutions have pledged to participate, and Sui ecological protocols such as AlphaLend, Navi, Scallop, and Suilend will be integrated on the first day of the mainnet. The Hashi smart contract will be audited and formally validated by Asymptomatic, Certora, and OtterSec.