TechFlow News, June 24: According to official announcements, institutional market maker Cumberland, asset management platform SwissBorg, and decentralized lending and DEX protocol Fluid have joined Hashi—the Bitcoin financial platform on the Sui ecosystem.
Earlier reports indicated that Hashi has already secured support from over 20 institutions—including BitGo, Bullish, Erebor Bank, FalconX, Fordefi, and Ledger—spanning custody, wallets, liquidity, infrastructure, and protocols. These partners will collaborate to jointly build the next-generation BTC financial system on Sui, covering custody, liquidity, lending, and other financial use cases.
According to its introduction, Hashi aims to securely unlock over $1 trillion in dormant Bitcoin for DeFi, thereby addressing the long-standing issue of low capital efficiency. Hashi plans to launch its global testnet in July this year. This environment will enable institutional engineers, Sui protocol teams and developers, and custodial partners to test integration parameters, stress-test code under simulated market volatility, and verify cryptographic integrity ahead of mainnet launch.
