{"id":1695,"date":"2026-06-23T19:23:18","date_gmt":"2026-06-23T19:23:18","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=1695"},"modified":"2026-06-23T19:23:18","modified_gmt":"2026-06-23T19:23:18","slug":"sui-adds-cumberland-fluid-and-swissborg-to-its-hashi-coalition-ahead-of-july-testnet-launch","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=1695","title":{"rendered":"Sui Adds Cumberland, Fluid, and SwissBorg to Its Hashi Coalition Ahead of July Testnet Launch"},"content":{"rendered":"
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Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice.<\/p>\n

Sui<\/a>where money moves as freely as messages, has announced that Cumberland, Fluid, and SwissBorg have joined Hashi, Sui\u2019s native bitcoin finance primitive \u2014 weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: persistent capital inefficiency by safely unlocking more than $1 trillion of idle BTC into DeFi.<\/p>\n

Why Hashi Matters<\/strong><\/p>\n

Previous market cycles exposed the systemic dangers of relying on opaque, centralized credit intermediaries \u2014 Celsius, Voyager, and Genesis among them \u2014 to generate utility from dormant assets. Hashi replaces that centralized balance-sheet trust with verifiable smart-contract logic.<\/p>\n

The design is built for safety through strict separation: Bitcoin remains securely on the native Bitcoin blockchain at all times, while Sui smart contracts handle the cryptographic and programmatic rights that enable its use as financial collateral.<\/p>\n

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\u201cHashi was built to unlock the productive use of Bitcoin at a scale the industry hasn\u2019t seen before,\u201d<\/em> said Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. \u201cWe believe Bitcoin will become one of the largest sources of collateral in finance as the world moves onchain, and Hashi provides the foundation to make that possible on Sui.\u201d<\/em><\/p>\n

Built for Institutional Bitcoin Finance<\/strong><\/p>\n

Hashi is a foundational primitive setting a new standard for how builders create bespoke, Bitcoin-backed financial products \u2014 with risk parameters and loan terms fully verifiable on-chain. In just a few weeks, institutions, custodians, wallet providers, and developers will be able to begin testing the infrastructure that will power Bitcoin-backed lending, borrowing, and credit origination on Sui.<\/p>\n

Expanded Institutional Support<\/strong><\/p>\n

Three new institutional names join the growing Hashi ecosystem, broadening support across liquidity providers, market makers, and digital asset platforms:<\/p>\n

Cumberland, one of the digital asset industry\u2019s largest institutional market makers, joins Hashi to evaluate the protocol\u2019s structural frameworks and prepare for eventual onchain liquidity provisioning.<\/p>\n

SwissBorg, a European wealth management app with over one million users, is exploring ways to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi \u2014 creating new pathways for Bitcoin-backed borrowing and lending.<\/p>\n

Fluid, a major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid\u2019s participation would bring institutional-grade lending markets to the ecosystem and deepen access to Bitcoin-backed credit on Sui.<\/p>\n

These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already collaborating to build a native Bitcoin financial ecosystem on Sui.<\/p>\n

\u201cBitcoin is the world\u2019s most liquid digital asset, but without native utility, it remains an off-chain asset,\u201d said Paul Kremsky, Global Head of Business Development at Cumberland. \u201cHashi is exciting because it introduces a transparent, institutional-grade framework for BTC-backed credit that will replace synthetic workarounds with a product we are excited to use ourselves.\u201d <\/em><\/p>\n

\u201cOur community has consistently sought native ways to lend and borrow against their Bitcoin,\u201d said Cyrus Fazel, Founder & CEO at SwissBorg. \u201cWe\u2019re thrilled to see Hashi delivering innovative solutions that make this a reality.\u201d<\/em><\/p>\n

\u201cThe next phase of the industry\u2019s growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust,\u201d said Samyak Jain, Co-Founder & CEO at Fluid. \u201cHashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid\u2019s lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.\u201d<\/em><\/p>\n

These additions expand the growing consensus of many partners announced earlier this year that Sui is where Bitcoin finance will take flight, thanks to Hashi:<\/p>\n

Custody & Wallet Access <\/strong><\/p>\n