Sui's Hashi is moving to a phased mainnet this month, backed by over $500 million in committed capital.

Here’s the plan: Bitcoin stays safe on its own chain, while minted hBTC steps in as collateral for lending, vaults, and credit apps running on SUI. Anchorage Digital just joined BitGo, FalconX, and Ledger, so now institutions have more qualified-custody options.

Of course, commitments aren’t actual money on the table yet. We’ll find out on mainnet whether that cash actually shows up.

So, what’s going to win: confidential compliance, or the regular EVM chains?
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