Sui's Hashi secures $500M in commitments, prepares hBTC with Anchorage
- —Over 20 partners pledged more than $500 million, though this is not yet deployed loans
- —Anchorage Digital joins as launch partner with custody agreements and a self-custody option
- —hBTC will represent locked BTC and serve as collateral in Sui lending markets
- —Gradual mainnet rollout is planned for October
Why it matters: The project will test institutional demand for using Bitcoin as collateral outside the BTC chain; custody and operational mechanics of hBTC are the key risks.
Source: DiarioBitcoin