Sui Network News: Hashi Brings Bitcoin Native Finance to Sui

Hashi Debuts With Native Bitcoin-Backed Lending Today's Sui Network News centers on Hashi, a new Bitcoin collateralization primitive built for the platform. The Sui Foundation confirmed the update through its official X account on September 16, 2026, saying mainnet access is coming soon. A companion post from MSB Intel, shared the same morning, carried a similar message about the launch. The primitive lets BTC stay on its home chain while it becomes usable as programmable collateral elsewhere; over a trillion dollars in BTC sits idle today because using it usually means handing it to a custodian. This Sui Network News update frames the launch as a fix for that gap. Source:Official X Post What Hashi Actually Does Hashi is described as a decentralized Bitcoin collateralization primitive. It lets holders put BTC to work in smart contracts without moving it to a centralized balance sheet. The project states that Bitcoin never leaves its native chain. Instead, it becomes programmable collateral through code-enforced rules. The setup rests on two trust points only, according to theofficial documentation: the validator set running the platform and the smart contract that governs each loan. Everything else is meant to run without manual steps. How the Deposit and Lending Flow Works The official page lays out a four-step process for turning BTC into usable collateral, a detail central to this Sui Network News rollout. Step What Happens Deposit The user sends native BTC to a personal 2-of-2 multisig address. Confirm Validators reach quorum after confirmations and mint equivalent BTC. Collateralize The holder sets loan to value ratio and draws stablecoin liquidity. Withdraw Position is repaid, and native BTC is released automatically. Security relies on threshold Schnorr signatures, where funds move only after roughly one third of validators sign off. A guardian layer acts as a secondary check, and real-time price oracles are meant to trigger collateral calls or liquidation under contract-defined terms. Source:Official Website Mainnet Timeline and Current Availability As of this Sui Network News report, the protocol is listed as available on devnet, with testnet access also referenced on the official page. Neither the Foundation nor the project has published an exact mainnet date. The official page also lists a coming soon custody layer insurance feature, where claims on covered custody failures would be paid out in Bitcoin rather than a stablecoin. Why This Matters for Bitcoin Holders Much of this Sui Network News angle centers on giving Bitcoin holders new ways to use idle BTC without selling it.