Hashi Mainnet to Launch With $500M in Capital Backing, Adds Anchorage Digital to Coalition

Sui’s native Bitcoin finance infrastructure goes live in a phased rollout beginning this month.

Sui, a high-performance blockchain designed to move money as freely as messages, will announce today at Sui Basecamp that Hashi mainnet will go live this month, backed by more than $500 million in capital commitments from its launch coalition of more than 20 of crypto’s biggest heavyweights.

Anchorage Digital, home to America’s first federally chartered crypto bank, becomes the newest day-one launch partner, giving its institutional clients seamless access to Hashi and bringing additional stablecoin liquidity to the network.

500 Million in Capital Commitments Locked for Mainnet

Hashi enters mainnet with more than $500 million in committed capital, giving Bitcoin-backed markets on Sui a running start. Lending, borrowing, credit, vaults, structured products, and other applications will begin with meaningful capital already behind them in vaults run by various Hashi vault providers, such as Aftermath, Concrete, Fluid, and others.

Hashi was built around a simple opportunity: more than $1 trillion in Bitcoin remains largely idle because institutions. Publicly traded companies with Bitcoin on their balance sheets have lacked a way to use native BTC in programmable financial markets with the transparency, compliance, controls, and security they require. Hashi mainnet changes that. Bitcoin remains on the Bitcoin network, while Hashi coordinates its use as collateral through Sui smart contracts.

“Bitcoin has already become a global reserve asset, and today, the financial infrastructure around it is catching up,” said Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “Hashi is launching with serious capital and a coalition of industry leaders because institutions want to put Bitcoin to work without giving up the protections they require.”

Anchorage Digital Brings a New Institutional On-Ramp

Anchorage Digital will open Hashi to its clients through two distinct routes.

Tri-party collateral solutions will give institutions operating under strict qualified custody, compliance, and operational requirements a path into Hashi through Atlas, Anchorage Digital’s settlement and tri-party collateral infrastructure. That includes publicly traded companies holding Bitcoin on their balance sheets and digital asset treasury companies that may be unable to access DeFi directly today.

For those companies, productive Bitcoin can change the economics of the balance sheet. BTC can become collateral for liquidity and financing without first being sold, opening new ways to manage cost of capital.

Self-service via Anchorage Digital’s institutional self-custody wallet, Porto, will provide a second route. Institutions can access Hashi directly through self-custody and pursue a broader range of strategies across lending, diversified yield, and real-world asset exposure suited for crypto-native VCs, hedge funds, miners, market makers, and LPs who require speed and capital efficiency. Anchorage Digital also plans to provide stablecoin liquidity to Hashi.

“Public companies and institutions hold enormous amounts of Bitcoin, but their ability to use that capital has been constrained by the technology available to them and the limitations of the DeFi space,” said Nathan McCauley, CEO and Co-Founder of Anchorage Digital. “Connecting our institutional clients with Hashi represents a complete paradigm shift and maturation of Bitcoin finance, and we’re thrilled to be at the center of it.”

Hashi’s Bitcoin Applications

Hashi turns native Bitcoin into programmable collateral for a growing range of financial applications, letting holders borrow stablecoins without selling their BTC, supply capital to onchain credit markets, deploy Bitcoin across automated vault strategies, and access structured products, real-world assets, and Bitcoin-backed bonds. For institutions, it turns long-term BTC holdings into productive working capital. That opportunity has drawn one of the broadest coalitions in Bitcoin finance, with BitGo, Bullish, Cumberland, FalconX, Ledger, and more than 20 partners in total building around Hashi since it was first unveiled.

Bitcoin Finance Goes Live

Hashi has moved from concept to devnet, testnet, more than 20 launch partners, and now more than $500 million in committed capital. At the end of this month, the rehearsal ends, and Bitcoin becomes productive collateral on Sui.