The Good Tech Companies - Hashi Testnet Is Live, Bringing Native Bitcoin Finance One Step Closer to Global Adoption

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Hashi TestNet is live, bringing native Bitcoin finance one step closer to global adoption, by Chainwire. Grand Cayman, Cayman Islands, July 22, 2026, Chainwire, Sway, where money moves as freely as messages, today announced that Hashi TestNet has officially launched, giving builders, institutions, and infrastructure providers the opportunity to develop and integrate Bitcoin-backed financial applications ahead of Maynet. Bitcoin has proven itself as the world's premier digital store of value, amassing over a $1 trillion market cap on that use case alone.

Starting point is 00:00:40 Its next chapter will be defined by utility. With Hashi TestNet now live on sway, this marks an important milestone in Bitcoin's necessary evolution, giving developers, custodians, financial institutions, and ecosystem partners their first opportunity to build, integrate, and stress test Bitcoin-backed financial applications ahead of Maynett. Alongside today's launch, Hashi introduces the Guardian Layer, a new defense-in-depth security architecture purpose built to help institutions securely manage Bitcoin collateral while preserving the transparency and programmability of on-chain finance. The Guardian Layer gives Bitcoin the defense it needs to finally go on offense,

Starting point is 00:01:18 helping unlock lending, credit, yield strategies, and a new generation of institutional financial products on sway. While institutional adoption has accelerated through spot ETFs, corporate treasury strategies, and expanding regulatory clarity, more than a trillion dollars of Bitcoin remains largely dormant. The infrastructure to safely deploy native BTC into transparent, programmable credit markets has simply not existed. Just as importantly, institutions have lacked confidence that moving native BT Sinto-onchain markets could be done without triggering unnecessary tax consequences. Fenwick, one of the foremost law firms in digital assets, concluded that Hashy's deposit

Starting point is 00:01:57 and redemption mechanics should not constitute taxable events under U.S. tax law. Hashy TestNet is the beginning of the ecosystem build-out that will ultimately power institutional Bitcoin lending, borrowing, and credit origination on sway. From custody providers and wallet infrastructure to lending protocols and capital markets participants, builders can now begin validating integrations, testing operational workflows, and preparing production-ready applications before Hashi reaches Maynett. Developer SDK documentation, an integration guide, and technical resources are available today on Sway. I.O. Hashi to help builders begin immediately.

Starting point is 00:02:35 Greater than every major asset class eventually develops deep credit, lending, and greater than liquidity markets, said Adenio Doon, co-founder and chief product officer greater than of Meiston Labs, the original contributor to Sway. Bitcoin is no different. Greater than Hashi is giving developers the infrastructure to build those markets on-chain greater than with the security, transparency, and programmability institutions have been greater than waiting for. Adding defense, Hashy's Guardian-L-A-Y-E-R-A key component of the protocol, unveiled for the first time today, is the Guardian layer, an additional protection mechanism designed to help secure collateral movement and large transactions. The Guardian layer introduces

Starting point is 00:03:16 configurable safeguards that can slow or prevent potentially malicious activity before collateral leaves the system, helping institutions manage operational risk while maintaining the transparency open chain markets. All BTC collateral, or UTXOs, are secured with a two-of-two multi-sig requiring an MPC signature from the Hashi validators as well as a signature from the Guardian, creating an additional layer of protection against malicious activity. These protections, which are a a prerequisite to meaningful institutional participation, complement the broader architecture introduced earlier this year, including automated collateral management, verifiable loan terms, and full-enchain visibility into collateral health. Expanding the institutional E-C-O-S-Y-S-T-E-M-A's Hashi

Starting point is 00:04:01 enters test net, the ecosystem continues to grow with strategic partners spanning defy, banking infrastructure, and capital markets. Wave Digital Assetsis deepening its commitment to Hashi after first announcing support during DevNet. As an institutional manager, Wave has committed to three years of best efforts to prioritize the tokenization of Bitcoin yield-bearing bond products on the SUA protocol utilizing Hashy, reinforcing its conviction that programmable Bitcoin fixed income markets are ready for institutional adoption. Hashi's world-class launch partners these developments fortify an ecosystem that already includes many of Cryptisleading custodians, liquidity providers, wallet providers, Defy protocols, insurance providers, and infrastructure companies.

Starting point is 00:04:45 When DevNet was announced earlier this year, over 20-day-1 launch partners had already committed to building and deploying capital on Hashi, including several of crypto's heavyweights. Custody and wallet access BIDGO, institutional custody clients, BlockDEMON, COBO, 4 DEFE, by Paxos, institutional wallet and infrastructure providers. Cubist, cross-chain collateral infrastructure and transfer engine, ledger, Retail, institutional self-custody. Swiss Borg UHNW European Retail, Institutional Asset Management and Wallet Interface.

Starting point is 00:05:19 Lending, Trading and Liquidity Providers Bullish, Institutional Digital Asset Platform, supplying liquidity. Cumberland, leading institutional crypto market maker and liquidity provider. Aribor, OCC chartered Bank providing liquidity. Falcon X. Institutional Prime Brokerage supplying liquidity. Defy and lending application. Alpha Lend, Bluefin, Current, Scallop, Sweland, native defy protocols enabling retail lending

Starting point is 00:05:47 and borrowing on day one. Fluid. Connecting lending, borrowing, liquidity and more financial products into a capital efficient system. Navi. One of Sway's largest and longest running defy protocols slated for hashy lending. VALTS and asset management concrete by Blueprint finance yield infrastructure vault platform. Invenium Capital, Real World Asset, RWRW, W-A yield strategies. Wave Digital Assets LLC, SEC- Registered Investment Advisor working with industry partners to facilitate the issuance of Bitcoin collateralized bonds. Index Oracle, Insurance and Security Auditing CF benchmarks, Crypto Index provider distributing

Starting point is 00:06:28 pricing data via oracles. Soter Insure. Native Bitcoin-denominated institutional insurance. Asymptotic, Sertura, OtterSec, Smart Contract Security and Formal Verification auditors. Starting today, developers can build, institutions can integrate, infrastructure providers can deploy, together, they can help shape the financial system Bitcoin has been waiting for. A system where the world's largest digital asset becomes own of the world's most productive forms of collateral. Technical documentation and test net access configurations are hosted a T-T-TPS-Colon slash-WW. Sway, I-O, Hashi, about Sway, where money-Money

Starting point is 00:07:10 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, Sway makes assets, permissions, and user data programmable and ownable. Suez Permitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. User scan learn more at Sway, EO, contact, media at Sway. IO Contact Sway Foundation Media at Sway. I.O. This story was published as a press release by Chainwire under Hackernoon Business

Starting point is 00:07:47 Blogging Program Disclaimer. This article is for informational purposes only and does not constitute investment advice. Cripto currencies are speculative, complex, and involve high risks. This can mean high prices, volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The Hacker Noon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the thank you for listening to this Hacker Noon story, read by artificial intelligence. Visit Hackernoon.com to read, write, learn and publish.

The Good Tech Companies - Hashi Testnet Is Live, Bringing Native Bitcoin Finance One Step Closer to Global Adoption

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.