Sui: Hashi to support native BTC as collateral, testnet launch imminent

Hashi, a Sui-based lending primitive, will allow Bitcoin to be used as collateral while maintaining it in a verifiable and controllable on-chain form, without the need for wrapping. In an announcement on X, Sui noted that institutional investors do not trust bridged or wrapped BTC, adding that the global testnet for Hashi is imminent.