Sui launches Hashi devnet
Sui launched Hashi on devnet, a protocol that lets BTC holders earn yield, borrow, and lend on Sui — backed publicly by BitGo and Bullish as it targets idle Bitcoin for DeFi use. The devnet release signals Sui’s push to onboard non‑native liquidity into its DeFi rails. (x.com)
Sui published the Hashi devnet announcement on March 19, 2026 via its official blog post. (blog.sui.io) The launch message named early institutional commitments from BitGo, Bullish, FalconX, Ledger, Erebor Bank and Fordefi as participants in the Hashi ecosystem. (blog.sui.io) Sui’s Hashi landing page describes the protocol as a “decentralized Bitcoin collateralization primitive” that orchestrates native BTC directly from smart contracts without centralized balance sheets. (sui.io) External briefs and platform coverage list Hashi features including cross‑chain BTC tracking, a credit layer for lending markets, and a Bitcoin‑denominated insurance product referenced in the rollout materials. (kucoin.com) Sui and reporting outlets say the devnet is targeted at builders and institutional testers ahead of a planned mainnet launch “later this year,” with the devnet intended to prove mechanics and partner integrations. (blog.sui.io) Sui’s materials and partner notices specify roles for custodians and infrastructure firms—BitGo and Ledger cited for custody functions while trading/brokerage firms such as FalconX and Bullish are named as liquidity and market participants. (sui.io)
