Institutions Back Sui’s Hashi to Bridge Bitcoin DeFi as Testnet Launch Approaches
Summary
Hashi is a new framework from Mysten Labs that aims to bring native Bitcoin collateral into Sui-based DeFi without synthetic wrappers. Institutions including SwissBorg, Cumberland, Fluid, BitGo, and Ledger are backing the effort. The global testnet is expected in July 2026, so the initiative is still in an early validation stage. The story matters because it could expand Bitcoin utility inside DeFi and influence how traders and developers assess Sui’s ecosystem growth.
Classifications
industries
Fintech & Banking
applications
Data Management
AI Classifications
Labels
Blockchain
Web3 Infrastructure
Software Products
Linked Companies
Mysten Labs
$10M to $25M