Sui's Hashi Aims for $500M in Bitcoin-Backed DeFi, Enlists Anchorage Digital
Sui's Hashi platform targets $500 million in Bitcoin finance commitments, expanding BTC-backed DeFi offerings with institutional partners.
Sui's Hashi platform targets $500 million in Bitcoin finance commitments, expanding BTC-backed DeFi offerings with institutional partners. Bitcoin (BTC) is trading at $83,064.00. This is an original TLT brief synthesising 2 outlets (CoinCodex, Cryptopolitan), plus live market data, as of Sun, 11 Oct 2026 15:00:04 UTC.
This development signifies growing institutional adoption of Bitcoin-backed DeFi products, potentially increasing Bitcoin's utility beyond a store of value. The involvement of Anchorage Digital, a regulated crypto custodian, adds credibility and infrastructure for institutional participation.
- Hashi aims for $500M in Bitcoin finance commitments.
- Anchorage Digital joins as a day-one partner.
- BTC-backed lending/borrowing and DeFi products are launching.
- Bitcoin DeFi TVL stands at $4.44B.
CoinCodex and Cryptopolitan both report that Sui's Hashi platform is targeting $500 million in Bitcoin finance commitments and is launching BTC-backed lending, borrowing, and DeFi products. However, Cryptopolitan provides the additional detail that Anchorage Digital, a regulated crypto custodian, is joining as a day-one partner to facilitate institutional participation. This partnership suggests a focus on providing compliant infrastructure for public companies and treasury management firms.
- Sui's Hashi Bitcoin Finance Network Launches With $500M+ Backing
- Sui's Hashi Aims for $500M in Bitcoin-Backed DeFi, Enlists Anchorage Digital — this brief
Sui's Hashi platform is setting its sights on $500 million in 
Bitcoin finance commitments, according to multiple outlets. This initiative aims to expand the availability of Bitcoin-backed lending, borrowing, and decentralized finance (DeFi) products.
Anchorage Digital, a prominent crypto custodian, has been announced as a day-one partner for Hashi. Cryptopolitan reports that this partnership will provide two distinct pathways for public companies and treasury management firms to utilize Bitcoin as collateral, starting this month.
The collaboration between Sui's Hashi and Anchorage Digital underscores the growing trend of institutional adoption in the crypto space. By leveraging Anchorage's regulatory compliance and infrastructure, Hashi aims to attract more institutional players to the Bitcoin DeFi ecosystem.
Currently, the total value locked (TVL) in Bitcoin DeFi stands at $4.44 billion, according to DeFiLlama. This figure highlights the relatively nascent stage of Bitcoin-backed DeFi compared to other blockchain ecosystems.
In the broader market context, the total crypto market cap is $2.87 trillion, with Bitcoin trading at $82,993, up 0.30% in the last 24 hours. The Fear & Greed Index is at 61, indicating a 'Greed' sentiment among investors.
Since this brief published about 2 days ago, Bitcoin (BTC) has moved from $82,993.00 to $83,064.00 — +0.09%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Over the past 12 months, Bitcoin (BTC) closed within 2.5% of today's $83,064.00 on 27 separate days. Here is what the price did afterwards on those days — a historical base rate, not a forecast:
Computed by TLT from 12 months of daily closing prices. A base rate describes the past distribution of outcomes from similar price levels — it does not predict the future and ignores the specific news in this story. Crypto is volatile and past performance is not indicative of future results. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦113.29M (about $83,064.00), up 0.2% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 11, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Sui's Hashi Aims for $500M in Bitcoin-Backed DeFi, Enlis — questions & answers
What is Sui's Hashi platform?
Hashi is a platform focused on Bitcoin-backed DeFi products, including lending and borrowing, with a target of $500 million in finance commitments.
Who is Anchorage Digital?
Anchorage Digital is a regulated crypto custodian partnering with Hashi to provide institutional-grade infrastructure for Bitcoin-backed DeFi.
How much is currently locked in Bitcoin DeFi?
The total value locked in Bitcoin DeFi is $4.44 billion, according to DeFiLlama.
How much is 1 Bitcoin worth in naira today?
About ₦113.29M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,064.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.09% since this brief first published — trading at $83,064.00 now versus $82,993.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CoinCodex, Cryptopolitan, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.