$500 Million in Bitcoin Lending Commitments Set to Launch Hashi Network on Sui
Photo: TheCoinrise
The new infrastructure aims to bring institutional-scale bitcoin lending to the Sui blockchain. A new piece of infrastructure designed to power bitcoin lending is preparing to launch with $500 million in commitments already secured. The project, known as Hashi Network, is built on the Sui blockchain, according to reporting from CoinDesk and UNLOCK Blockchain. Bitcoin lending has long been constrained by the asset's limited native programmability. Unlike Ethereum, Bitcoin was not designed with smart contracts in mind. That has forced lending platforms to rely on wrapped tokens, custodial intermediaries, or bridges to bring bitcoin liquidity into decentralized finance ecosystems.
Source: TheCoinrise
