Sui to Launch Hashi for Bitcoin-Backed Institutional Lending
Sui is launching Hashi, a protocol designed to let institutions use bitcoin as collateral while keeping it on the Bitcoin network.
Layer-1 blockchain Sui is preparing to introduce Hashi, a lending protocol aimed at institutional bitcoin holders, according to CoinDesk.
The protocol is designed to allow holders to pledge bitcoin as collateral without transferring it away from the Bitcoin network.
CoinDesk reported that Hashi is set to debut with $500 million in commitments. The report did not provide further details on those commitments or a launch date.
Source: CoinDesk
