At a glance
- 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.
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