Sui launches Hashi devnet
Sui’s Hashi launched on devnet, enabling Bitcoin DeFi primitives and institutional lending/credit origination with partners such as BitGo — signaling more infrastructure for tokenized lending experiments. The devnet release is a step toward institutional DeFi tooling that could intersect with private credit and asset finance in the future. (x.com)
Sui’s March 19, 2026 developer blog names a slate of early integration and protocol partners including Bullish, FalconX, Erebor Bank, AlphaLend, Navi, Scallop and Suilend as part of Hashi’s roll‑out plan. (sui.io ) Hashi’s technical design couples multi‑party computation (MPC) custody with Sui on‑chain programs to collateralize native BTC without issuing wrapped tokens, narrowing trust to the Sui validator set and the governing smart contract. (blockonomi.com ) Mysten Labs is identified as the primary developer contributor for Hashi, and the protocol document explicitly lists Ledger, Cubist and Blockdaemon among infrastructure and custody/integration partners intended to support institutional flows. (cointelegraph.com )(sui.io ) Sui and Cointelegraph cite on‑chain data showing roughly 0.22% of Bitcoin—about $3.07 billion—is currently deployed in DeFi, a liquidity shortfall Hashi’s native‑BTC approach explicitly targets for lending and structured products. (cointelegraph.com )(sui.io ) The protocol documentation and reporting list insurance coverage, plans for Bitcoin‑backed bonds, and automated cross‑chain collateral management as planned features intended to support institutional credit origination and liquidity provisioning. (sui.io )(cointelegraph.com ) Hashi’s roadmap includes formal audits and verification before a mainnet launch later in 2026, and public materials flag committed liquidity suppliers from prime brokers and an OCC‑chartered bank as initial sources of BTC or stablecoin liquidity for lending markets. (sui.io )(cointelegraph.com )
