Grayscale has increased its holdings in Sui.

Since 2024, Grayscale has launched four Sui-related trust products:

SUI

DEEP

WAL

GSUI (Staking ETP)

Actions speak for themselves.

In Grayscale's eyes, Sui is no longer just a single L1 protocol, but a financial operating system with guaranteed delivery capabilities.

Just a few days ago, on March 19, Mysten Labs brought a significant update for Sui — Hashi.

What is Hashi?

A native BTC collateral primitive of Sui.

What is Hashi not?

Not a single DeFi protocol.

Not a traditional cross-chain bridge.

The core logic is.

▌Trustless integration: Allows native BTC to be directly embedded in Sui's smart contract environment without centralized custodial wrapping.

▌Productivity primitivization: Transforms Bitcoin into "actively earning assets," completely releasing trillions of BTC's liquidity from the protocol layer.

Although Hashi will not officially launch until later this year, Mysten Labs has already brought in top allies to build liquidity and ecological moats:

▌FalconX and Erebor Bank will provide BTC and stablecoin liquidity to support credit matching.

▌CF Benchmarks (the world's largest crypto index provider): will support Hashi through an oracle network.

▌Sui native protocols (AlphaLend, Navi, Scallop, Suilend, etc.) will be among the first to connect, providing lending services to users.

When the world's most robust crypto asset and the most high-performance architecture achieve seamless integration on the Hashi primitive, Bitcoin will fully enter the era of earning interest.

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