Sui's Hashi Bitcoin Finance Bridge Launches With $500M in Commitments
Sui's Hashi protocol is set for mainnet launch backed by over $500M in Bitcoin finance commitments, with Anchorage Digital providing institutional custody support.
Sui's Hashi protocol is preparing to launch on mainnet with more than $500 million in commitments already secured, signaling strong institutional appetite for Bitcoin-based decentralized finance infrastructure built on the Sui blockchain.
The protocol's pre-launch funding level underscores growing demand among large-scale investors for structured access to Bitcoin finance, a segment of the crypto market that has attracted increasing attention as institutions seek yield and liquidity on their Bitcoin holdings without surrendering direct exposure to the asset.
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Anchorage Digital, a federally chartered digital asset bank, is participating in the launch by offering institutional clients both settlement services and self-custody options. The dual offering is designed to give institutions flexibility in how they manage their Bitcoin positions within the Hashi ecosystem, addressing a key concern among regulated entities that must balance operational efficiency with strict asset control requirements.
The combination of a half-billion dollars in pre-launch commitments and participation from a regulated custodian like Anchorage positions Hashi as one of the more credentialed Bitcoin finance launches in recent memory. It also reflects a broader trend of traditional financial infrastructure providers embedding themselves into blockchain-native protocols to satisfy compliance-conscious capital.
Details on the specific breakdown of commitments, the identity of participating institutions, and the precise timeline for mainnet activation had not been fully disclosed at the time of reporting. Continue reading at Cointelegraph.
