The post Sui Launches Hashi Bitcoin DeFi Protocol to Unlock $BTC Utility appeared on BitcoinEthereumNews.com.

Sui, a scalable blockchain ecosystem, has unveiled Hashi, a unique Bitcoin finance primitive for institutional-level participation on-chain. Hashi offers a smart-contract-based, trustless model to permit retail and institutional users to get yield, borrow, and lend against Bitcoin ($BTC). As per Sui’s official announcement on X, the market cap of Bitcoin has surpassed $1T, yet DeFi uses its 0.5%, signifying a huge capital efficiency gap. So, Hashi attempts to change this with the provision of native $BTC deployment in borrowing, yield-generating, and lending opportunities. Introducing Hashi: a new era of Bitcoin finance on Sui. Bitcoin’s market cap exceeds $1 trillion. < 0.5% of it is used in DeFi. Hashi is here to change that, with commitments from industry leaders including BitGo, Bullish, Erebor Bank, FalconX, Fordefi, Ledger, and more. pic.twitter.com/THahaevmp4 — Sui (@SuiNetwork) March 19, 2026 Exclusive Sui Bitcoin Primitive ‘Hashi’ Unlocks Bitcoin Yield Strategies Sui’s exclusive Hashi network’s launch on its devnet delivers cutting-edge and seamless Bitcoin finance for institutions. Industry leaders like BitGo, Ledger, Fordefi, FalconX, Erebor Bank, and Bullish have already announced their support for the exclusive project. The protocol allows $BTC-backed lending of stablecoins, automated management of collateral, and structural products. This makes it a basis layer to advance Bitcoin-based finance through Sui. To start with, stablecoin and $BTC holders leveraging Fordefi, Cubist, Cobo, Blockdaemon, Ledger, and BitGo wallets can allocate assets for diverse yield-generating strategies. Particularly, lending will serve as the main use case, while Hashi will automate asset movement across chains between Sui and Bitcoin. Keeping this in view, builders will additionally get a flexible primitive to create unique financial products, such as improved reward mechanisms and a credit organization for retail and institutional markets. Strengthening Bitcoin Credit Markets via Cross-Chain Efficiency and Transparent Collateral As Sui puts it, Hashi permits users to originate credit…

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Filed under: News - @ March 20, 2026 3:20 am