The blockchain Sui revealed that the testnet of Hashi Global will be launched soon, marking another step in the strategy to integrate Bitcoin into the DeFi market. Although the project still does not have an official date for the start of the testnet, the initiative seeks to offer a way to use native BTC as collateral, dispensing with wrapped versions of the cryptocurrency.
According to information released by the Sui team, Hashi Global is an initiative built in a coalition format and linked to the ecosystem of the layer 1 blockchain developed in the Move language. Before the opening of the testnet, the group continues to expand its base of participants and partners, preparing the infrastructure for the next stage of the project.
The main highlight of the announcement lies in the proposal to allow users to use native Bitcoin directly as collateral in Sui's decentralized finance applications. If the technology works as planned, BTC holders will be able to access DeFi protocols without resorting to synthetic assets or wrapped tokens, a common practice in integrations between different blockchains.
This model may reduce dependence on bridges between networks and intermediary custodians, factors often cited as additional sources of risk in operations involving Bitcoin outside its original blockchain.
Despite the proposal, several technical details remain undefined. So far, the team has not explained how BTC will be represented in Hashi Global's infrastructure, which mechanisms will be used to validate transactions on the Bitcoin network, nor how custody of the assets will work during the tests.
It was also not disclosed whether the testnet will be open to the public or restricted to coalition members and selected partners. Likewise, there is still no information on which DeFi protocols or functionalities will be available during this initial phase.
At this moment, the only points officially presented are the preparation of the testnet and the use of native BTC as collateral. Questions related to asset yield, architecture security, and definitive integration with the Bitcoin blockchain should be clarified as the testnet technical documentation is published.
The announcement places Sui among the projects seeking to expand the use of Bitcoin in decentralized applications without requiring investors to abandon the original network. In recent years, different layer 1 and layer 2 blockchains have begun developing similar solutions, but the difference between a test network and a production launch is usually significant.
While Hashi Global expands its coalition ahead of the testnet debut, the technology's performance, developer participation, and user interest will be determining factors in measuring the reach of the initiative within the Bitcoin DeFi.
