Sui Blockchain to Launch Hashi Protocol for Bitcoin-Backed Lending
Hashi aims to enable bitcoin-backed lending without moving BTC off its native network, with $500M in initial commitments.
Hashi aims to enable bitcoin-backed lending without moving BTC off its native network, with $500M in initial commitments. Bitcoin (BTC) is trading at $83,885.00, up 1.0% since this brief published. This is an original Token Times brief based on reporting by CoinDesk, with live market data added, as of Sun, 11 Oct 2026 17:00:01 UTC.
This development could significantly expand institutional access to bitcoin liquidity while maintaining BTC's security and decentralization, potentially increasing capital efficiency in crypto markets.
- Sui blockchain launching Hashi, a bitcoin-backed lending protocol
- Protocol secured $500M in commitments at launch
- Allows BTC collateralization without moving bitcoin off its network
- Market cap $2.88T, BTC price $83,051, Fear & Greed at 61 (Greed)
- Sui Blockchain to Launch Hashi Protocol for Bitcoin-Backed Lending — this brief
- Sui's Hashi Aims for $500M Bitcoin Finance as BTC-Backed DeFi Expands
Sui, a layer-1 blockchain, is set to launch Hashi, an institutional-grade protocol designed to facilitate bitcoin-backed lending. The protocol allows users to utilize their bitcoin as collateral without the need to move it off the 
Bitcoin network, addressing a key security concern for institutional investors.
The launch of Hashi comes with significant financial backing, as it has reportedly secured $500 million in commitments from institutional investors. This substantial initial support underscores the growing demand for bitcoin liquidity solutions that maintain the security and decentralization of the Bitcoin network.
Both CoinDesk and Finbold corroborate the $500 million commitment figure, though they differ slightly in their emphasis. CoinDesk focuses on the technical innovation of the Hashi protocol, while Finbold highlights the potential market impact of increased bitcoin liquidity.
The development of Hashi is set against a backdrop of increasing institutional interest in crypto, with recent ETF filings and institutional investments shaping the market landscape. The protocol's approach to collateralization could set a new standard for how bitcoin is used in decentralized finance (DeFi) applications.
As of the latest market data, the total crypto market cap stands at $2.88 trillion, with Bitcoin trading at $83,051, up 0.14% in the last 24 hours. The Fear & Greed index is at 61, indicating a 'Greed' sentiment in the market. The successful launch of Hashi could further bolster this positive sentiment by providing a new avenue for institutional participation.
Since this brief published about 2 days ago, Bitcoin (BTC) has moved from $83,051.00 to $83,885.00 — +1.00%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.77M (about $83,885.00), up 1.1% over 24 hours. The rupee itself trades about 7.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 11, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Sui Blockchain to Launch Hashi Protocol for Bitcoin-Backed L — questions & answers
What is the Hashi protocol?
Hashi is a bitcoin-backed lending protocol on the Sui blockchain that allows BTC collateralization without moving bitcoin off its native network.
How much funding has Hashi secured?
Hashi has reportedly secured $500 million in commitments from institutional investors.
Why is this development significant?
It represents a major step in enabling institutional access to bitcoin liquidity while maintaining the security of the Bitcoin network.
How much is 1 Bitcoin worth in rupee today?
About ₹8.77M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $83,885.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 1.00% since this brief first published — trading at $83,885.00 now versus $83,051.00 at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinDesk. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.