Fluid 🌊 (@0xfluid): Fluid Is Powering Bitcoin Credit Markets

Fluid Is Powering Bitcoin Credit Markets Fluid Is Building on Hashi and Sui Last week, Fluid joined the Hashi ecosystem, @SuiNetwork 's native Bitcoin finance primitive, ahead of its global testnet launch this July, alongside @CumberlandSays and @swissborg . Sui is the high-performance Layer 1 built for finance, founded by the core team that built Meta’s initial stablecoin work. Hashi is its native Bitcoin finance primitive — the framework that lets BTC function as onchain collateral without ever leaving the Bitcoin chain. Each of us brings a different piece to Hashi. @CumberlandSays, one of the largest institutional market makers in crypto, brings deep liquidity. @swissborg , a European wealth platform with over a million users, brings a network of Bitcoin holders. And Fluid brings institutional grade credit market infrastructure. Hashi is built on a simple principle: Bitcoin stays on its native chain, while formally-verified smart contracts on Sui give it the rights to function as collateral via Hashi. These contracts undergo comprehensive formal verification that’s mathematically proven to behave as specified. No wrappers, no custodial trust, no balance sheet to take on faith. Just verifiable onchain logic. It's a direct answer to the problem that has kept more than $1 trillion of Bitcoin idle: previously, the only way to make BTC productive was by handing it to a centralized intermediary. The last cycle showed how that ends. Hashi replaces that trust with architecture. A coalition built for institutional Bitcoin finance What makes this moment matter isn't any single protocol: it's the depth of the ecosystem forming around Hashi, with each layer of institutional Bitcoin finance covered by a reputable name. On custody and access, the foundation is already in place: @BitGo for institutional custody, @Ledger for self-custody, and infrastructure providers like @BlockdaemonHQ , Cobo, and @FordefiHQ . On liquidity, Hashi has drawn some of the most established names in the industry: Cumberland, one of the largest institutional market makers, joins alongside @FalconXGlobal , @Bullish , and Erebor, an OCC-chartered bank. SwissBorg brings a network of over a million European users and their Bitcoin to the table. Formal verification and security audits are handled by @Certora, @osec_io , and Asymptotic; pricing by CF Benchmarks; insurance by Soter. It's a full stack, and it signals something clear: the institutions that matter believe Sui is where Bitcoin finance gets built. Where Fluid fits That's the foundation. Fluid brings the credit markets on top of it. Fluid is Finance's Liquidity Layer — enabling the most capital efficient borrow/lend infrastructure, while also having the most risk related controls and parameterisation. This combination makes it the best fit for institutional stakeholders. Eight years building. 2 years live. Zero user funds lost. Introduces velocity based limits and automated ceilings. Enables the highest LTV’s — reducing liquidation risk. As low as 0.1% liquidation penalties — one of the tightest in DeFi. Fluid provides institutional grade credit infrastructure to Hashi — deep markets, tight risk controls, the best borrowing conditions, and the capital efficiency institutions need to put BTC to work at scale. When Hashi reaches mainnet, the result will be deep, transparent, capital-efficient credit markets backed by Bitcoin that never leaves its native chain — at institutional scale. The July testnet is the rehearsal. Fluid is building toward it. Learn more here.