Cumberland, Fluid, and SwissBorg Join Sui's Hashi Bitcoin Finance Ecosystem Ahead of July Testnet

SUI-4.40%
BTC-4.73%
According to Chainwire, on June 23, Cumberland, Fluid, and SwissBorg joined the Hashi ecosystem, Sui's native Bitcoin finance primitive, weeks ahead of its global testnet launch scheduled for July. The three institutions join an expanding coalition of custodians, DeFi protocols, and infrastructure providers working to unlock Bitcoin's productive use as collateral on Sui while keeping BTC secured on the native Bitcoin blockchain. Hashi aims to address the crypto industry's persistent capital inefficiency by enabling institutional-grade Bitcoin-backed lending, borrowing, and credit origination through verifiable smart contract logic.
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