Hashi Launches 500 Million Dollar Native Bitcoin Lending Platform

Institutional lending platform Hashi has officially launched with 500 million dollars in deployable capital, introducing a borrowing model designed to keep Bitcoin collateral directly on its native network. The move addresses one of the persistent pain points in decentralized finance, where holders have long been forced to bridge their assets to external smart contract chains or trust centralized custodians to unlock dollar liquidity against their reserves.

By avoiding wrapped tokens and cross chain bridges, Hashi aims to eliminate the smart contract exploits that have drained billions of dollars from decentralized protocols over the past several years. Instead of locking Bitcoin into an intermediary vault on an alternate network, borrowers lock their collateral into native Bitcoin multisig architectures and timelock scripts. The loan facility issues liquidity in stable assets like USDC and USDT directly to borrowers, while the underlying Bitcoin remains visible and verifiable on its home blockchain throughout the duration of the agreement.

Capital allocators have committed 500 million dollars to the inaugural pool, reflecting strong institutional demand for native yields without bridge exposure. In 2026, treasury managers are far more cautious about wrapping assets than they were in previous cycles. High profile exploits have left many asset managers unwilling to accept third party counterparty exposure just to obtain short term working capital. Hashi positions itself to satisfy this demand by ensuring that depositors retain full transparency over their reserve collateral at every stage of the loan lifecycle.

The protocol introduces automated liquidation mechanisms tied to native price feeds, allowing positions to clear without dragging assets across external networks. If Bitcoin experiences sudden downward volatility, margin calls trigger through presigned Bitcoin transactions that settle directly on the base layer. Hashi represents a broader shift across digital asset markets toward building financial infrastructure around Bitcoin itself rather than treating the premier cryptocurrency as passive collateral on alien networks.