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CryptoFifa：Football NFT GameFi on its way to Rock the Crypto World

Published

5 years ago

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The overwhelmingly popular collections in 2021 are star cards and NFT (Non-Fungible Token), both of which entered a big bull market unexpectedly.

For investors, star cards and NFT worth paying attention in the year of 2021. A strong rise of star cards so far has been witnessed in 2021’s collectibles market. Judging from the tendency, this kind of trend is expected to be intensified and has created countless miracles. NFT, a kind of non-fungible tokens, will be ready to shine a light in 2021. Its emergence redefines that value can not only always be carried by encrypted currency, but can be carried by another new and unique media, namely cryptocurrency. Also, its trading volume has been skyrocketing. 

Then, what will happen when a collision was generated by star cards and NFTs?

1. The huge market value of the star cards

On April 27th this year, a signed rookie star card of the Los Angeles Lakers’ top star James was auctioned for a sky-high price of $5.2 million, setting a new record for the transaction price of a basketball star card. In the same way, it also happened in the field of football– the Pele Collection Card is the most valuable player card in the world, and a single card on eBay has been maintaining beyond a six digits price. What is behind the dynamics of star card prices at historically high prices is the increasingly prevalent collectibles market. It is estimated that in 2021, the annual turnover of various star cards will reach the level of tens of billions of dollars.

There is no doubt that star cards have their investment value. According to calculations by authoritative organizations, the return rate of investing in star cards reaching an astonishing 264%, while the S&P 500 index is just 102% in the same period. In the sports collectibles market, the value of its collectibles is usually proportional to the star’s fame, and the frequency of a player’s signature is inversely proportional to the value derived from him. This aspect also shows the value of the star card collection, which extends a global star card culture and is being increasingly accepted by the public.

2. Trends: Star Card + NFT + Game

With the popularity mixed by the traditional star card and NFT market, the NFT-based star card was born. The popularity of star card NFT not only stems from the underlying development of blockchain technology but the huge market of fans.

It is notable that the right to issue traditional star cards is in the hands of a few giant companies. In the field of football, the production and distribution rights of traditional football star cards are in the hands of Futera, Topps, Panini, and others. They have the right to operate diverse star cards such as the five major European football leagues and multiple national football teams. Because of this, to further expand the value of star cards, many European football giants have launched their own NFTs, enabling users to trade players’ digital cards in the form of NFTs on the blockchain. Among them, there are more recent international footballs. Superstar Bailey will launch his first NFT on May 2nd. However, the existing star card NFT projects are more limited to collection and transaction attributes, lack of gameplay, and low player interaction.

Faced with this blue ocean market, major technology companies have flown into the sports NFT market one after another. Currently, various kinds of NFT applications come into being endlessly. However, a star card + NFT + DeFi product which can satisfy all kinds of needs is still absent in the market. Under this context, CryptoFifa comes into being.

3.What is CryptoFifa?

CryptoFifa takes the football star card as an entry to show the perfect form of the star card NFT, and it will be further promoted to become a trend.

CryptoFifa, issued based on the Binance Smart Chain, is an NFT-based encrypted star card Gamefi platform. While in the NFT world, OpenSea, Sorare, Hashmasks, Gods Unchained, and other predecessors in their respective fields are still fighting alone, CryptoFifa, a latecomer, has taken the lead and started to integrate resources and to unify the sports NFT arena.

Cryptofifa, a crypto football player card Gamefi platform combines NFT, Defi features, and traditional football gameplay. The game integrates popular gameplay such as football themes, mystery packs, card trading, and event mining. Not only is it full of fun, the NFT cards and tokens obtained in the game can also be traded, allowing players to earn considerable income while playing. The platform operated on a sustainable revenue model through a stable game mechanism. In other words, the players can gain income while entertaining.

3.The Feature and Value of Cryptofifa

(1) Strong Liquidity

According to the current market condition, NFT transactions have some certain bottlenecks, which are mainly reflected in their insufficient liquidity. This pain point has plagued many NFT projects. But when it comes to CryptoFifa, there will be no shortage of liquidity.

Firstly, the CryptoFifa project takes football as an entry. Football, as the world’s largest sport, has a great number of fans and is intrinsically popular. It means that there is endless market enthusiasm and rising football superstars, with a very long game life cycle. Not to mention, the European Cup originally planned to be held last year was postponed to this summer due to the Covid-19. Fans who have been emotionally suppressed for a long time are about to usher in a “retaliatory” football spree. In addition, this European Cup will coincide with its 60th anniversary, and fans from all over the world will be gathering there. Cheer up for this super sport feast.

Secondly, to better enhance the liquidity of the NFTs, the CryptoFifa project team issued a total of 1 billion FFA based on ERC-20 as the currency for the circulation of the game. It is the token that anchors a package of high-quality NFT assets. In other words, all the expenses in the game and all bills can be settled with FFA tokens, which not only endow asset attributes but are an important support for structural form and gameplay. It is worth pointing out that to stabilize the FFA currency price, the project team promised that the total circulation of tokens in the secondary market within the first 6 months of the game will be strictly controlled within 50 million.

Thirdly, CryptoFifa will cooperate with many global leading trading platforms to boost the trading volume and liquidity of NFTs. Up to now, CryptoFifa has reached strategic cooperation with the world’s leading NFT asset trading platform to jointly build an NFT game value ecology and safeguard CryptoFifa.

(2) Game Innovation

Blind boxes have been highly sought-after in recent years because you can never know what they are after opening it. This sort of gameplay is both artistic and exploratory and has become a new decompression method and collectibles. Take the traditional star card for instance, which is usually sold in boxes or packages. There are multiple cards in one box, but there is usually a single signed star card. You never know which star the signature card will be. If you got this year’s rookie Harland, congratulations, the possibility of its appreciation is very high. This game that grows together with the stars has attracted countless fans.

Similarly, CryptoFifa uses this novel blind box card-drawing gameplay. Identity and card scarcity level, different cards have different wining rates. In addition, the platform adjusts the number, price, and other parameters of card packs to carry out the circulation index of NFT cards and FFA tokens in the overall game ecology with a macro control manner. Unlike the traditional blind box, CryptoFifa uses a gamified NFT token issuance method. In other words, what you buy may only be a token, but what you buy is a basket of top NFT assets. Therefore, it has a stronger liquidity.

To overcome the demerits of the long return period of traditional star cards, the player cards users can obtain through CryptoFifa blind box draw before the start of the game, since no one can predict the players performance before the game, as the game moves forward, these cards price will fluctuate with the performance of each athlete. If the purchased player performs well during the game, the player’s card will appreciate in real time, which will increase investor incentives accordingly and gain profit at one go.

(2) Game of Fun

For a more humane design, the design of the NFT star card takes the game and collection scenario into consideration, that is, each football layer corresponds to the casting of 100 RARE cards, 10 SPECIAL cards, and 1 UNIQUE card.

At the collection level, fans can permanently keep their favorite star cards. In addition, if users buy the cards of certain young players, if they show a better performance in the future, then a brilliant career, or even leave a permanent mark in the history of the sport, then the card value will continuously rise which will become a successful investment. For example, you are lucky enough to buy the card of Haaland, a player with great potential. As his fame rises, the price of this card will also go up.

At the game level, to ramp up the game interaction, the project team added game mining, that is, the platform regularly takes snapshots of the user’s wallet address, the user holds an encrypted star card, and the corresponding player stats, scores, team to win, users can get FFA tokens as reward proportionally. For example, Dortmund Haaland started and scored two goals to lead Dortmund to win Bayern with 2-0. Congratulations, you will receive a certain amount of FFA currency as rewards.

The game also draws on the gem synthesis upgrade gameplay in traditional games, Squad Building Challenge: The system will issue squad building tasks according to the hot events, and users can collect the required cards to synthesize higher level cards according to the requirements to get extra mining rewards.

What’s more, Throughout the game, all transactions, including player selection, point calculation, and reward distribution, will be completed through smart contracts. The game reward distribution will be utterly transparent, fair, and efficient.

5.Conclusion

To wrap up, CryptoFifa has designed a set of sophisticated game consumption incentive mechanism to maximize the interests of investors. On the one hand, unlike traditional markets that are usually opaque, these rare NFT works can be re-sold to the secondary market for revenue. On the other hand, players can also obtain income through competitions and tasks. This is the so-called Play to Earn concept CryptoFifa working so hard to achieve.

NFT is described as a special crypto asset, which is considered valuable due to its security and scarcity. Once it combined with decentralized financial products, it will release greater energy. At present, CryptoFifa has officially cooperated with FIFPro to obtain a game license for the portraiture rights of more than 1,100 players. Players mainly come from the 60 member states of the FIFPro, as well as active professional players from the top 5 football leagues in Europe. Chances are we will see the collection that can well represent this era. The star card that has been snatching up will be the CryptoFifa non-fungible token (NFT) star card in the near future.

Disclaimer

This article does not contain any financial advice. Investment can always be risky, so please think twice before you make a decision.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

CMS: Class 1 Innovative Drug Silevimig Injection Approved in China, Becoming the World’s First Bispecific Antibody for Passive Immunization Against Rabies

Published

8 hours ago

on

June 23, 2026

By

SHENZHEN, CHINA – China Medical System Holdings Limited (867.HK/8A8.SG) (“CMS”, or the “Group”) is pleased to announce that, the New Drug Application for Silevimig Injection (GR1801, the “Product”), a Class 1 therapeutic biological product has been approved by the National Medical Products Administration of the People’s Republic of China (“NMPA”) and the drug registration certificate was obtained on 22 June 2026. The Product is indicated for passive immunization in adults following rabies virus exposure.

 

Silevimig Injection is the world’s first fully human bispecific antibody targeting dual epitopes of the rabies virus (“RABV”), which is consistent with the recommendations of the World Health Organization (“WHO”) for a “cocktail” therapeutic paradigm. It demonstrates broad neutralization, which can effectively neutralize different viral strains or genotypes of RABV, providing immediate protection. Moreover, it is the passive immunization product with the smallest dose for rabies, resulting in less injection volume and easier administration, which can effectively reduce patient pain and improve compliance. In addition, the Product can be manufactured at scale with standardized processes and controlled production cost, and also carries no risks of blood-borne infections, low immunogenicity, and minimal interference with vaccine-induced active immunization. The market for rabies passive immunization is substantial, yet existing passive immunization products are constrained by low market penetration and limitations in safety and accessibility. The approval of the Product will provide a new treatment option for patients requiring urgent post-exposure management against rabies in China.

 

The approval of Silevimig Injection expands the Group’s commercialized innovative drug portfolio to 8 products, with 6 more innovative drugs under marketing review and approximately 20 projects advancing clinical development, further strengthening a tiered innovation pipeline. As of now, CMS’s innovation transformation strategy has fully entered the value-harvesting phase. Leveraging the Group’s existing expert network and market resources, the commercialization rollout of Silevimig Injection is expected to proceed steadily providing sustained momentum to the Group’s performance growth.

 

About Rabies

Rabies is an acute zoonotic disease caused by RABV, clinically characterized by aerophobia, hydrophobia, pharyngeal muscle spasms, and progressive paralysis[1], with a case-fatality rate approaching 100%. At present, there is no proven treatment for rabies once clinical symptoms appear. Standardized post-exposure management, comprising wound care, vaccination, and passive immunization administered as needed, remains the most effective strategy[2]. As vaccine-induced antibodies require 1-2 weeks after the first dose of vaccine injection to reach protective levels, passive immunization provides immediate coverage[1]. According to the National Technical Guidelines for the Rabies Exposure Prophylaxis (2023 Edition), patients with Category III exposure and those with Category II exposure involving severe immunodeficiency should receive passive immunization at the same time as the first dose of rabies vaccine[3]. In China, more than 40 million people are exposed to rabies annually, of whom approximately 40% fall under Category III exposure[1]. However, due to factors such as limited awareness, high cost, and restricted accessibility, only about 15% of Category III cases receive passive immunization[1]. Currently, the primary approved passive immunization option in China is human rabies immune globulin (“HRIG”). However, HRIG must be sourced from healthy donors, making it difficult and costly to obtain. Furthermore, it carries potential risks of blood-borne infections. This has led to a low penetration rate of passive immunization products in China.

 

More information about Silevimig Injection

Silevimig Injection is a recombinant, fully human bispecific antibody against rabies virus. It targets the viral envelope glycoprotein (G protein) of RABV and blocks its interaction with host receptors by binding to epitopes I and III. Through this mechanism, Silevimig Injection specifically neutralizes the RABV prior to the establishment of full protection by active rabies vaccination.

 

In a Phase III clinical trial in adults, the Product met its primary efficacy endpoint, demonstrating non-inferior protective efficacy compared with HRIG, the currently most used passive immunization product in China. The study confirmed that the Product provides immediate protection during the early stages of rabies virus exposure without compromising the active immune response induced by vaccination. In addition, a Phase III clinical trial in children and adolescents aged 2 to <18 years is currently ongoing in China. The Product has been granted a patent in China.

 

In September 2025, the Group through subsidiaries of the Company entered into an Exclusive Collaboration Agreement (the “Agreement”) with Chongqing Genrix Biopharmaceutical Co., Ltd.. In accordance with the Agreement, the Group has obtained exclusive commercialization rights for the Product in mainland China and exclusive licensing rights for the rest of the Asia-Pacific region, the Middle East and North Africa. The collaboration term extends until ten years after the Product receives the marketing approval in Mainland China (the “Initial Term for the Product”). Unless terminated or dissolved under the terms set forth in the Agreement, the Agreement will automatically renew for successive ten-year periods upon expiration of the Initial Term for the Product.

 

About CMS

CMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.

 

CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.

 

CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development in its advantageous specialty fields, strengthening the competitiveness of the cardiovascular-kidney-metabolic/gastroenterology/ophthalmology/skin health businesses, bringing economies of scale in specialty fields. Among them, the skin health business (Dermavon) has become a leading enterprise in its field, and is proposed to be listed independently on the SEHK. Meanwhile, CMS continuously promotes the operation and development of its integrated R&D, manufacturing and commercialization chain in Southeast Asia and the Middle East, capturing growth opportunities in emerging markets to support the high-quality and sustainable development of the Group.

 

Reference:

1. Chinese Center for Disease Control and Prevention. Technical Guidelines for Human Rabies Prevention and Control (2016). https://www.chinacdc.cn/jkyj/crb2/yl/kqb/jswj_kqb/202409/P020240906525420231910.pdf

2. Yin Wenwu, Wang Chuanlin, et al. Expert consensus on rabies exposure prophylaxis[J]. Chinese Journal of Preventive Medicine, 2019,53(7): 668-679. DOI:10.3760/cma.j.issn.0253-9624.2019.07.004

3. Chinese Center for Disease Control and Prevention. The National Regulation for the Rabies Exposure Prophylaxis (2023 Edition). https://www.chinacdc.cn/jkyj/crb2/yl/kqb/jswj_kqb/202409/P020240906525421817465.pdf

 

CMS Disclaimer and Forward-Looking Statements

This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.

 

This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.

 

Media Contact

Brand: China Medical System Holdings Ltd.

Contact: CMS Investor Relations

Email: ir@cms.net.cn

Website: https://web.cms.net.cn/en/home/

 

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Press Release

The Pool Factory Strengthens Its Position as a Leading U.S. Provider of Above Ground Pools and Outdoor Living Products

Published

9 hours ago

on

June 23, 2026

By

  • Nationwide Expansion of Product Selection, Customer Support, and Online Shopping Experience Reinforces The Pool Factory’s Standing as America’s Above Ground Pool Experts™

EDISON, N.J., Jun 23, 2026, ZEX PR WIRE — The Pool Factory, one of the nation’s most recognized online retailers of above ground pools and outdoor living products, continues to strengthen its position as a leading provider of residential swimming pool solutions for homeowners throughout the United States. The company offers above ground pools for sale nationwide as part of its expanding product availability, customer support infrastructure, and online shopping experience designed to meet growing consumer demand.

Customers looking to buy an above ground pool can explore a wide selection of products, accessories, and complete pool packages through The Pool Factory’s online platform, which serves homeowners across all 50 states. The company’s continued expansion reflects its commitment to making pool ownership more accessible, convenient, and supported through reliable service and product availability.

Serving customers nationwide, The Pool Factory has earned a reputation for making pool ownership more accessible, affordable, and enjoyable. Through its extensive inventory of premium pool products and accessories, the company helps families transform backyards into recreational spaces designed for relaxation, entertainment, and lasting memories.

As consumer demand for outdoor living enhancements continues to grow, The Pool Factory remains focused on delivering a comprehensive selection of products that simplify the process of purchasing, installing, and maintaining an above ground pool. Homeowners seeking an above ground pool for sale can choose from steel, resin, and hybrid models designed to suit different backyard sizes, budgets, and design preferences. The company’s continued growth reflects both its dedication to customer satisfaction and its ability to meet the evolving needs of homeowners across the country.

Extensive Selection of Above Ground Pools and Backyard Products

One of the key factors behind The Pool Factory’s success is its broad selection of above ground pools for sale. The company offers an extensive range of premium steel, hybrid, and resin pool models designed to accommodate various backyard sizes, budgets, and aesthetic preferences.

Customers seeking to buy an above ground pool can choose from multiple configurations and sizes while benefiting from detailed product information and online resources that support informed purchasing decisions. In addition to complete pool packages, The Pool Factory provides a comprehensive selection of liners, pumps, filtration systems, ladders, maintenance equipment, and other essential accessories needed for long-term pool ownership.

The company’s website is designed to simplify product selection, enabling customers to easily identify the products and accessories that best meet their needs. By offering one of the largest online inventories in the industry, The Pool Factory continues to provide homeowners with convenient access to high-quality products delivered directly to their homes.

As more consumers research the best above ground pools before making purchasing decisions, The Pool Factory remains committed to offering durable, reliable products sourced from respected manufacturers known for quality construction and long-term performance.

Delivering a Customer-Centered Online Buying Experience

The Pool Factory’s growth has been driven not only by its product selection but also by its focus on customer experience. The company has invested significantly in creating an online shopping platform that makes it easy for customers to browse products, compare options, and buy above ground pools with confidence.

Customers frequently cite the company’s user-friendly website, responsive support team, and transparent purchasing process as important factors in their decision to choose The Pool Factory. From initial product research through final delivery, the company strives to provide a smooth and efficient customer journey.

The Pool Factory’s support team assists customers with product selection, installation guidance, maintenance recommendations, and post-purchase questions. This commitment to service helps ensure that customers receive the information they need throughout every stage of pool ownership.

For many homeowners looking to buy above ground pool online, access to knowledgeable support can be just as important as product availability. The Pool Factory has built its reputation by combining a broad inventory with personalized assistance that helps customers make informed decisions based on their unique backyard requirements.

Fast and secure shipping further enhances the customer experience, allowing homeowners across the United States to receive products efficiently and begin their outdoor projects without unnecessary delays.

Building Trust Through Quality, Value, and Customer Satisfaction

The Pool Factory’s reputation continues to grow through positive customer experiences and repeat business. Thousands of verified customer reviews reflect the company’s commitment to quality products, competitive pricing, and dependable service.

Many customers highlight the durability of the pools offered by The Pool Factory, along with the value provided through comprehensive pool packages and accessory options. Easy-to-follow installation guidance has also become a distinguishing feature, helping homeowners successfully complete pool projects with greater confidence.

The company’s dedication to transparency and customer satisfaction has contributed to its position as a trusted source for above ground pools nationwide. As consumers increasingly rely on online reviews and recommendations when evaluating pool retailers, The Pool Factory continues to benefit from strong customer advocacy and word-of-mouth referrals.

The company’s ability to consistently deliver quality products and dependable service has helped establish long-term relationships with customers who return for accessories, replacement parts, maintenance supplies, and future pool upgrades.

This ongoing commitment to excellence supports The Pool Factory’s broader mission of helping homeowners create outdoor environments that encourage recreation, family gatherings, and memorable experiences.

Continuing to Lead the Above Ground Pool Industry

As the market for residential outdoor living products continues to evolve, The Pool Factory remains focused on innovation, customer service, and product availability. The company’s continued investment in its online platform, inventory selection, and customer support infrastructure positions it to meet growing demand from homeowners nationwide.

Whether customers are purchasing their first above ground pool, upgrading an existing setup, or seeking accessories to enhance their backyard experience, The Pool Factory provides the products, expertise, and support needed to achieve their goals.

By offering one of the industry’s most comprehensive selections of above ground pools for sale, maintaining competitive pricing, and delivering an exceptional customer experience, The Pool Factory continues to strengthen its leadership position within the marketplace.

As America’s Above Ground Pool Experts™, the company remains dedicated to helping families across the United States enjoy the benefits of pool ownership through quality products, dependable service, and a commitment to customer success.

About The Pool Factory

The Pool Factory is one of the United States’ leading online retailers of above ground pools and outdoor living products. Serving customers nationwide, the company offers an extensive selection of steel, hybrid, and resin above ground pools, along with liners, pumps, filters, ladders, maintenance equipment, and related accessories. Known for quality products, competitive pricing, responsive customer service, and fast shipping, The Pool Factory continues to help homeowners create enjoyable backyard experiences through reliable pool solutions.

Contact Information
The Pool Factory
America’s Above Ground Pool Experts™
Edison, New Jersey
Website: https://www.thepoolfactory.com/

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Press Release

Sui News: Cumberland, Fluid, and SwissBorg Join Institutional Coalition on Hashi Ahead of July Global Testnet

Published

9 hours ago

on

June 23, 2026

By

Grand Cayman, Cayman Islands, June 23rd, 2026, Chainwire

Sui aims to transition more of Bitcoin’s $1.2T market cap into verifiable, productive onchain products.

Hashi, Sui’s native bitcoin finance primitive, gains more institutional support ahead of the scheduled launch of its global testnet this July.  

Sui, where money moves as freely as messages, announced today that Cumberland, Fluid, and SwissBorg have joined the Hashi ecosystem, Sui’s native bitcoin finance primitive, weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: solving the persistent capital inefficiency by unlocking over a trillion dollars of immobile BTC into DeFi safely. 

Previous market cycles demonstrated the systemic dangers of relying on opaque, centralized credit intermediaries such as Celsius, Voyager, and Genesis to generate utility from dormant assets. Hashi replaces centralized balance-sheet trust with verifiable smart contract logic.

But with a strict separation for safety by design, Bitcoin remains securely on the native Bitcoin blockchain. Sui smart contracts handle the cryptographic and programmatic rights to enable its use as financial collateral.

“Hashi was built to unlock the productive use of Bitcoin at a scale the industry hasn’t seen before,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “We 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.”

Built for Institutional Bitcoin Finance

Hashi is a foundational primitive setting a new standard for how builders can create bespoke, Bitcoin-backed financial products with risk parameters and loan terms that are fully verifiable onchain. In just a few weeks’ time, institutions, custodians, wallet providers, and developers can begin freely testing the infrastructure that will support Bitcoin-backed lending, borrowing, and credit origination on Sui. 

Expanded Institutional Support

Three new powerhouses join the growing Hashi ecosystem, broadening support for institutional liquidity providers, market makers, and digital asset platforms:

  • Cumberland: One of the digital asset industry’s largest institutional market makers, Cumberland joins the Hashi ecosystem to evaluate the protocol’s structural frameworks and prepare for eventual onchain liquidity provisioning.
  • SwissBorg: A European wealth management app with over one million users, is exploring opportunities to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi, creating new pathways for Bitcoin-backed borrowing and lending.
  • Fluid: A major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid’s participation would provide institutional-grade lending markets and deepen access to Bitcoin-backed credit on Sui.

These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already working together to build a native Bitcoin financial ecosystem on Sui.

“Bitcoin is the world’s most liquid digital asset, but without native utility, it remains an off-chain asset,” said Paul Kremsky, Global Head of Business Development at Cumberland. “Hashi 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.”

“Our community has consistently sought native ways to lend and borrow against their Bitcoin,” said Cyrus Fazel, Founder & CEO at SwissBorg. “We’re thrilled to see Hashi delivering innovative solutions that make this a reality.”

“The next phase of the industry’s growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust,” said Samyak Jain, Co-Founder & CEO at Fluid. “Hashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid’s lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.”

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:

Custody & Wallet Access 

  • BitGo: Institutional custody clients.
  • Blockdaemon, Cobo, Fordefi (by Paxos): Institutional wallet and infrastructure providers.
  • Cubist: Cross-chain collateral infrastructure and transfer engine.
  • Ledger: Retail/institutional self-custody.
  • SwissBorg: UHNW European retail/institutional asset management and wallet interface.

Lending, Trading & Liquidity Providers

  • Bullish: Institutional digital asset platform supplying liquidity.
  • Cumberland: Leading institutional crypto market maker and liquidity provider.
  • Erebor: OCC-chartered bank providing liquidity.
  • FalconX: Institutional prime brokerage supplying liquidity.

DeFi & Lending Applications

  • AlphaLend, Bluefin, Current, Scallop, Suilend: Native DeFi protocols enabling retail lending and borrowing on day one.
  • Fluid: Connecting lending, borrowing, liquidity and more financial products into a capital-efficient system. 
  • Navi: One of Sui’s largest and longest running DeFi protocols slated for Hashi lending. 

Vaults & Asset Management

  • Concrete by Blueprint Finance: Yield-infrastructure vault platform.
  • Inveniam Capital: Real-World Asset (RWA) yield strategies.
  • Wave Digital Assets LLC: SEC-registered investment adviser working with industry partners to facilitate the issuance of Bitcoin-collateralized bonds.

Index Oracle, Insurance & Security Auditing

  • CF Benchmarks: Crypto index provider distributing pricing data via oracles.
  • Soter Insure: Native, Bitcoin-denominated institutional insurance.
  • Asymptotic, Certora, OtterSec: Smart contract security and formal verification auditors.

The activation of the global testnet this July represents the ultimate rehearsal for fully changing Bitcoin Finance. This sandbox environment is designed for institutional engineers, Sui protocols and developers, and custody partners to test integration parameters, stress-test the code under simulated market volatility, and verify cryptographic integrity ahead of mainnet release.

Technical documentation and testnet access configurations will be hosted at https://www.sui.io/hashi. 

About Sui

Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Users can learn more at sui.io. 

Contact: media@sui.io

Contact

Sui Foundation
media@sui.io

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