Sui said in a post on X that institutions continue to distrust cross-chain bridges and wrapped BTC, outlining Hashi as an approach designed to keep Bitcoin in its native form on-chain. According to the post, the setup would allow BTC to remain verifiable and controllable while also being used as collateral. EvanWeb3 later provided additional explanation of the concept. Sui added that the Hashi global testnet is set to go live soon. The statement did not include a specific launch date, but it framed the upcoming testnet as the next step for the product. The update centers on a structure that avoids bridging or wrapping BTC, an issue Sui said remains a sticking point for institutional participants.
Sui said on X that institutions continue to distrust cross-chain bridges and wrapped BTC.
In Sui’s description, Hashi is built to keep BTC native on-chain while making it verifiable, controllable, and usable as collateral. EvanWeb3 also provided an explanation of the setup.
The Hashi global testnet is set to launch soon.
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