Hashi Brings Bitcoin Utility to DeFi on the Sui Network

A new project known as Hashi is trying to solve the biggest crypto gap, which is putting Bitcoin (BTC) to work in decentralized finance (DeFi). The project was built on the Sui blockchain and with this project, Hashi wants to allow people to use Bitcoin for things like lending, borrowing, and getting produce. All this without the need to convert Bitcoin into dangerous or unknown currencies.

Launching Hashi: a new era of Bitcoin finance on Sui.

The market value of Bitcoin exceeds $1 trillion. <0.5% of it is used in DeFi.

Hashi is here to change that, and is committed to industry leaders including BitGo, Bullish, Erebor Bank, FalconX, Fordefi, Ledger, and more. pic.twitter.com/THAhaevmp4

— Sui (@SuiNetwork) March 19, 2026

This is very difficult because when the value of BTC is about $ 1.4 trillion and only a small part (which is around 0.22%) is used for DeFi. Most investors just hold their BTC and don’t use it for returns.

What Makes Hashi Different?

Until now, use Bitcoin in DeFi it usually refers to the conversion of artificial or wrapped tokens. These wrapped BTCs are difficult to trust, especially for large organizations because these wrapped BTCs are dependent on third parties and lack full transparency.

Hashi takes a different approach. It allows BTC to flow between networks like BTC and Sui in a transparent and verified way. So, basically, users don’t have to “wrap” their BTC, they can use it directly.

It also uses smart contracts to manage things like collateral. This means that if someone borrows money using Bitcoin, the system handles the risk and repayment rules without human intervention.

Strong Support From Major Players

Hashi is not launching quietly. DeFi is supported by major crypto companies and currencies such as BitGo, FalconX, Ledger, and Bullish.

These companies are expected to provide financing and infrastructure, which are essential for the system to function properly. For example, some partners help users move money on and off (on/off ramp), while others help keep assets safe.

This support shows that organizations are interested in using Bitcoin for more than just holding.

How Can People Use It?

As Hashi lives on the mainnet, organizations and everyday users will be able to deposit their BTC to spend in a variety of ways. First, investors will be able to borrow money. For example, Bitcoin will be used as collateral to borrow stablecoins such as USDC.

So organizations and daily users will be able to gain productivity by investing BTC in strategies that bring returns. Finally, the creation of credit will also be possible because it will allow lending systems where borrowers and borrowers can interact directly.

In addition, there are also integrations with DeFi platforms such as AlphaLend and Scallpo, making it easy for users to participate from day one.

Focus on Security and Transparency

Security is one of Hashi’s biggest selling points. It uses advanced systems such as multiparty computation (MPC), which divides the load into multiple parties instead of relying on a single party.

On top of this, its smart contracts have been audited by companies like Certora to ensure that everything is going as expected and to reduce risk.

There is also insurance coverage. With services like Soter Insure, users can get Bitcoin coverage in case of theft or loss.

If Hashi succeeds, it could free up idle Bitcoin by turning it into an asset for lending, borrowing, and investing. Built on Sui, it can attract organizations with its secure and transparent design. Despite the short-term volatility, Hashi is focused on the long-term infrastructure of Bitcoin-powered funds.

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