Sui says Cumberland, Fluid, and SwissBorg have joined Hashi, its native Bitcoin finance primitive, weeks before a July global testnet. The bet is to turn over $1T of idle BTC into verifiable collateral without moving Bitcoin off its native chain: Sui smart contracts handle the programmatic rights, while the partner stack covers custody, liquidity, lending, oracles, insurance, and audits. It is an institutional BTCfi push, but still testnet-first; the real signal comes when liquidity and borrowers show up on mainnet.

TLDR by @Benthic

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