Sui signaled Hashi Global testnet will launch soon, with native BTC intended for use as collateral as the project targets Bitcoin’s expanding role in decentralized finance.
Sui said Hashi is designed to let BTC remain in its native form on-chain rather than moving through cross-chain bridges or wrapped BTC, which it said institutions continue to distrust. The project has now signaled that the Hashi Global testnet will launch soon, with native BTC serving as collateral, positioning Sui in the growing intersection of Bitcoin and decentralized finance. EvanWeb3 later elaborated on the point. Key details around timing, access and the technical design remain unconfirmed. The message highlights a longstanding institutional concern in crypto markets: bridge structures and wrapped assets can introduce added counterparty, custody and smart contract (self-executing blockchain code) risks compared with models that aim to preserve a more native exposure to Bitcoin.