what's Hashi?
Hashi is a decentralized primitive built on the Sui blockchain for bringing native Bitcoin into DeFi. It enables BTC holders, including institutions and retail users, to deposit BTC securely via Sui validators running Bitcoin nodes, mint collateralized equivalents on Sui, and participate in lending, borrowing, yield generation, and structured products without selling their assets or relying on centralized custodians. Leveraging Sui's Move smart contracts, multi-party computation (MPC) threshold signatures, and real-time oracles, Hashi ensures transparency, verifiability, and automated risk management like liquidations. Audited by Asymptotic, Certora, and OtterSec, with insurance from Soter, it integrates with partners like BitGo, Ledger, Bullish, and protocols such as Scallop and Navi, unlocking programmable finance for Bitcoin's trillion-dollar market cap on Sui's high-performance platform.
Hashi partners with Erebor Bank for credit integration; launched Sui devnet for native BTC collateral.
Partners with Erebor Bank, a bank serving crypto-native enterprises, for potential direct integration of credit products with bank balance sheets.
Launched devnet on Sui March 19, 2026, enabling native BTC as collateral without wrapping or custodians for yield, lending, and borrowing. Supported by Bluefin, BitGo, and Ledger.