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Cumberland, Fluid, and SwissBorg Announce Joining the Sui Ecosystem Bitcoin Financial Platform Hashi
Deep Tide TechFlow News, June 24: According to official announcements, the institutional market maker Cumberland, the asset management platform SwissBorg, and the decentralized lending and DEX protocol Fluid have announced that they are joining Hashi, a Bitcoin finance platform in the Sui ecosystem.
Previously, Hashi had received support from 20+ institutions, including BitGo, Bullish, Erebor Bank, FalconX, Fordefi, and Ledger, covering multiple areas such as custody, wallets, liquidity, infrastructure, and protocols. In the future, it will work together with partners to build the next-generation BTC financial system on Sui, covering custody, liquidity, lending, and more financial scenarios.
As introduced, Hashi aims to securely release more than $1 trillion worth of dormant Bitcoin into DeFi, thereby addressing the long-standing problem of low capital efficiency. Hashi plans to launch a global testnet in July this year. In that environment, institutional engineers, the Sui protocol and developers, as well as custody partners will test integration parameters, conduct stress tests on the code under simulated market volatility, and verify cryptographic integrity before the mainnet launch.