Sui's Hashi Aims for $500M Bitcoin Finance as BTC-Backed DeFi Expands
Sui's Hashi platform targets $500M in Bitcoin-backed finance commitments, with Anchorage Digital as a launch partner.
Sui's Hashi platform targets $500M in Bitcoin-backed finance commitments, with Anchorage Digital as a launch partner. Bitcoin (BTC) is trading at $83,064.00. This is an original Token Times brief synthesising 2 outlets (CoinCodex, Cryptopolitan), plus live market data, as of Sun, 11 Oct 2026 15:00:01 UTC.
This development signals growing institutional interest in Bitcoin-backed DeFi, potentially expanding BTC utility beyond simple holding and increasing its presence in decentralized finance.
- Sui's Hashi aims for $500M in Bitcoin finance commitments.
- Anchorage Digital joins as a launch partner for institutional BTC collateral services.
- Bitcoin DeFi TVL stands at $4.44B, indicating room for growth.
CoinCodex and Cryptopolitan both report that Sui's Hashi is targeting $500 million in Bitcoin finance commitments and will launch with services for BTC-backed lending and borrowing. Cryptopolitan adds that Anchorage Digital will be a day-one partner, offering institutional clients two routes to use BTC as collateral. No discrepancies were found between the outlets on these core details.
Sui's Hashi platform is setting its sights on $500 million in 
Bitcoin finance commitments, according to multiple outlets. This initiative aims to bring Bitcoin-backed lending, borrowing, and institutional DeFi products closer to launch.
Anchorage Digital has been announced as a day-one partner for the platform, as reported by Cryptopolitan. The partnership will provide public companies and treasury firms with two distinct avenues to utilize Bitcoin as collateral, starting this month.
The development comes as the total value locked (TVL) in Bitcoin DeFi stands at $4.44 billion, according to DeFiLlama. This figure suggests that while Bitcoin DeFi is growing, there is significant potential for further expansion.
The broader crypto market remains relatively stable, with a total market cap of $2.87 trillion. Bitcoin itself is experiencing a modest 24-hour gain of 0.31%, currently trading at $82,993, and has a market cap of $1.67 trillion. The Fear & Greed Index sits at 61, indicating a 'Greed' sentiment among investors.
The move by Sui's Hashi and Anchorage Digital underscores the increasing institutional interest in Bitcoin-backed DeFi. As more platforms explore ways to leverage Bitcoin in decentralized finance, the utility of BTC could expand beyond its traditional role as a store of value.
Since this brief published about 2 days ago, Bitcoin (BTC) has moved from $82,993.00 to $83,064.00 — +0.09%.
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 ≈ ₹8.66M (about $83,064.00), up 0.2% over 24 hours. The rupee itself trades about 7.6% 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.
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's Hashi Aims for $500M Bitcoin Finance as BTC-Backed — questions & answers
What is Sui's Hashi platform aiming to achieve?
Sui's Hashi is targeting $500 million in Bitcoin finance commitments to facilitate BTC-backed lending, borrowing, and institutional DeFi products.
Who is partnering with Sui's Hashi for the launch?
Anchorage Digital is joining as a day-one partner to offer institutional clients BTC collateral services.
What is the current state of Bitcoin DeFi?
The total value locked in Bitcoin DeFi is $4.44 billion, indicating growth potential in the sector.
How much is 1 Bitcoin worth in rupee today?
About ₹8.66M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $83,064.00. 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 0.09% since this brief first published — trading at $83,064.00 now versus $82,993.00 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 CoinCodex, Cryptopolitan, with the key figures cross-checked for agreement across them. 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.