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AnalysisDigital AssetsThe WrapThe Open Ledger

Sui's Hashi prepares $500 million bitcoin lending launch

Anchorage Digital joins as a day-one partner for the network that lets holders pledge bitcoin without moving it off the Bitcoin ledger.

At a glance

  1. The network lets holders pledge bitcoin without moving it off the Bitcoin ledger, which reduces transfer risk.
  2. Bitcoin used as collateral typically must move to a lending venue, creating counterparty and security risk.
  3. The $500 million in capital commitments give the network a lending book from the start.

Sui's Hashi network is preparing to launch with $500 million in capital commitments for bitcoin lending, according to our records, and Anchorage Digital is a day-one partner.

The network lets holders pledge bitcoin without moving it off the Bitcoin ledger, which reduces transfer risk. Bitcoin used as collateral typically must move to a lending venue, creating counterparty and security risk.

The $500 million in capital commitments give the network a lending book from the start.

Reported by The Wrap desk. Published . Corrections

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