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Well-grounded ensures success! Will Whitecoin be the next 1000x coin?

Published

5 years ago

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After over one decade of developing, crypto currency has become more acceptable by investors. The total market capitalization increases at a fast speed. Until March 13th, Bitcoin’s unit-price is over $60,000, the market value is over 1.12 trillion. Since December 16th 2020, the price was $20,000, until March 13th it was over $60,000. The Bitcoin price rise $40,000 within only three months.

Meanwhile, since last year March, ETH has risen from its lowest $80 to $2000 until February this year. The price, hit a new record, inflated nearly 23 times.

The rise of ETH is credited to the strong ecology of DeFi, but the rising of trading fee and the net work traffic became a problem. Investor was focusing on DeFi project, and then they transfer to other public chain. That’s when a lot of mainnets caught their opportunity, Binance Smart Chain(BSC), Huobi(Heco) and many had achieved a good performance during this time.

Whitecoin is one of those mainnets.

According to CMC data, Whitecoin’s total return on investment is over 74190%, which is only on step away from 1000 times rate of increase.

Seven years of preparation, today is the time to expand!

Whitecoin, short for XWC, is a community decentralization blockchain program, it was founded in 2014 spring. Whitecoin develop team are mostly from Netherlands, Germany, Finland and Australia, etc.

Whitecoin is a public chain through innovative Multi Tunnel Blockchain Communication Protocol (MTBCP), to make interconnection between blockchains. It’s an important component of Whitecoin ecosystem. Via Random Proof of Stake (RPOS) agreement, Whitecoin Axis, Whitecoin wallet, Decentralized mine pool and Smart contract platform to constitute a cross-chain block chain ecosystem.

In the last seven years, Whitecoin has witnessed the rise and fall of blockchain industry, during which Whitecoin has been building up its technology, community, ecology to shape itself to a strong fort.

Back in 2018, Whitecoin has already became one of the first 78 coins rated by Weiss Ratings.

In 2019, Whitecoin completed a brand new upgrade. After the upgrade it became a cross-chain project with originality. Whitecoin adapt RPOS mechanism, achieved cross-chain asset management, cross-chain transfer swap, cross-chain value transmit and other functions.

After Whitecoin upgrading it’s main network, it became a high-performance public-chain that supports cross-chain trading, which has intelligent contracts and decentralized exchange. It achieved the cross-chain circulation of existing block chain (BTC, LTC, ETH, etc.), multi asset management of the chain. Through Multi Tunnel Blockchain CommunicaTlon Protocol (MTBCP) and enter the Whitecoin ecology, break through block chain barriers, create a new blockchain world of interconnection.

Among the five technology of cross-chain, Whitecoin is using the most difficult Hybrid mechanism. Comparing to other slow progressing technical system, Whitecoin chooses relay + distributed private key control mode to achieve cross-chain technology.

After Whitecoin public chain upgraded, it transfer from a decentralized projects into an active blockchain project with rich ecological applications. The applications are including self-support coin publish, social DAPP, cloud storage DAPP, game DAPP, etc.

Not only limited to the gradual improvement of the ecosystem, Whitecoin also have a strong community system. Based on the experience of popular digital currency history, to design a perfect community has always been a great concern in the blockchain world. Whitecoin has designed a complete community governance mechanism with Miner, Wallfacer, Swordholders. The three manage cross chain assets through consensus collaboration, they make and modify the community rules.

According to Coinmarketcap data, Whitecoin project has successfully listed at ZB.COM、Bittrex and several heads of industry exchange.

Well Established Brand Will Show Its Power

At now, DeFi is one of the biggest hot spots in the blockchain industry. All kinds of DeFi products derived from the assets have also attracted many investors to join them.

As a block chain project with seven years of experience, Whitecoin is focusing on DeFi ecosystem development. DEX Tokenswap is dedicated to provide solutions for the cross chain ecological shortcoming in the second half of DeFi. Meanwhile it is compatible the main chain token and other public chain asset of Whitecoin, to make a cross-chain all asset DEX for DeFi.

In addition, Whitecoin established a two million dollar DeFi Foundation. This foundation will support all projects in Whitecoin ecosystem.

Depend on Whitecoin cross-chain ecology, DeFi project can apply Whitecoin with ten thousand times per second TPS and expansion pack, including BTC, ETH, LTC and more public chain’s cross-chain system, expand a broader of application scenario and break through the current bottleneck of the single chain.

What else performance does Whitecoin have? Why is it outstanding among cross-chain? Let me introduce in specific.

Cross-chain interconnection

The innovative Multi Tunnel Blockchain Blockchain Communication Protocol (MTBCP) took the lead in realizing the value interconnection between block chains. Achieve cross chain function, it’s also a great significance to the current blockchain field:

The value interconnection between blockchains is realized.

Break through the barriers between independent blockchains, and provide the foundation for building the world interoperability ecology of blockchains.

Help the existing blockchain achieve better expansion and value sharing.

Help the infrastructure of the existing Internet business to connect with the blockchain.

To make sure the stability and security of ecosystem, Whitecoin’s reserve funds rate is 100%. Every WAMP has an authentic chain assets (such as BTC, ETH), the pledge is in the hot and cold multi signature address managed by RPOS consensus on the chain. So it ensures that all Whitecoin asset will not increase for no reason or destroy. Each asset increase or decrease corresponds to the user’s recharge or withdrawal of assets in the chain.

high efficiency

According to RPOS protocol, the Whitecoin’s main chain produces one block every 6 seconds. Compared to the BTC every 10 minutes and LTC every 2.5 minutes, the transaction’s confirmation speed has significantly improved. BTC’s or LTC asset transfer performance or trading on Whitecoin’s main chain is about 100 times that of BTC’s main chain and 25 times that of LTC.

Whitecoin’s TPS theory (Transactions Processed per Second) have reached 10,000. It’s enough to carrying high load transactions on multiple chains.

Smart contract

Whitecoin users using Turing’s complete smart contracts. It can flexibly expand and customize complex business logic and complex financial contracts.

On the basis of not modifying the original chain code, Whitecoin can make token contract, transaction contract, lock  contract, all kinds of DAPP contracts and other restricted and controllable dynamic expansion functions.

Whitecoin chain’s trading fee can be XWC and it also supports multiple WAMP payment, so user can transact directly via XWC or WAMP, and there is no need to be concerned about the fee.

The rate of exchange fees on the Whitecoin network is not fixed, but determined by market dynamics. With the fluctuation of Whitecoin asset prices, the WAMP required by the exchange will also fluctuate up and down.

Well prepared and aim for success

In February 2021，BNB reached the highest price $342.8. Even though there is a drop, but according to CMC data, BNB’s total return of invest is still about 2200 times, it became a veritable 1000x coin.

Among them, BSC has contribute a lot. An ecosystem based on DeFi, NFT&Games and infrastructure has been formed on the Binance Smart Chain (BSC), and more than 100 projects have been launched. There are more than 80 ecological projects related to DeFi on BSC, and they are still increasing, covering the fields of decentralized exchanges, chain loans, synthetic assets, derivatives, cross chain, Oracle, insurance, payment, etc.

At December 17th 2020, Coinbase submitted a registration draft to the SEC (United States Securities and Exchange Commission), disclosing its listing intention for the first time. In the last three months of 2020, Coinbase’s Annualized Return is 2.3 billion dollar (Nearly 0.6 billion each season). Some reports define Coinbase’s market value has reached 100 billion. As a representative of qualified exchange, Coinbase’s list manifestation will spread out to other bitcoin exchanges. Investors directly benchmarked the market value of Binance to the value of Coinbase, which led to a sharp rise in the market value of BNB.

In fact, benchmark Binance, Whitecoin also have a good ecosystem.

With the development of the industry, Whitecoin successfully launched Whitecoin mining machine, Whitecoin hardware wallet, Whitecoin blockchain cellphone, XECDice, SWCPoker, XWCMall and other ecology application.

We can see the price is rising. Now XWC’s return of invest is reaching 700 times, but Circulation market value is only one-thirtieth of BNB. In the same ecosystem, it’s valuation should be more than 3%.

We can see from the history data, XWC’s high point was 2.62 dollar, the thousand times increasing is only the price it was before, compared to 3000 times increasing of Binance, XWC still has lots space to climb.

From technology view, the improvement of cross chain technology will also become an important driving force for the rise of Whitecoin.

As we know, now cross-chain is the most important race track among blockchain fields. The arrival of cross-chain, is an important technical reform plan for fixing blockchain developing barriers, building the foundation by ending the parallel single chain’s isolated status and realizing Interoperability, and value the Internet.

Polkadot can not only realize cross-chain asset, which is asset transfer, and realize contract cross-chain. Finally, it can achieve low cost, high security, strong compatibility of multiple chains, strong compilation ability of different programming languages in different chains and realize data interchange between chains to make more value.

Now, Whitecoin has already integrated BTC, ETH, LTC, USDT and even all ERC-20 cross-chain transaction of contract token, expanding cross-chain ecology to EOS, XRP and other fine assets. Whitecoin built a cross-chain ecology synthesis via Random RProof of Stake (RPOS), Whitecoin Axis, Whitecoin wallet, decentralized pool and intelligent contract platform.

Polkadot detonated the market enthusiasm for this race track, it squeeze into the sixth position in the encryption market with the current market value of 32 billion dollar. As a reference, Whitecoin’s market value is only one-twentieth of Polkadot, the future rising is looking forward to.

In bull market, everyday is different. The industry keeps moving forward。 What more surprise will Whitecoin bring to us? Let’s wait and see.

About Author

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

2 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

3 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

3 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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