The Sui Foundation and Mysten Labs have launched the testnet of the Bitcoin collateral protocol Hashi, providing collateral support for the $1.4 trillion Bitcoin market without the need for wrapping or cross-chain bridges. Hashi secures deposits using a 2-of-2 multisignature mechanism, with over 25 institutions participating in the test. Wave Digital Assets plans to advance the tokenization of Bitcoin yield bonds after the mainnet launch.
Sui Foundation and Mysten Labs Launch Hashi Testnet for Bitcoin Collateral
AiCoinShare
Summary
The Sui Foundation and Mysten Labs launched the Hashi testnet for a Bitcoin collateral protocol, supporting $1.4 trillion in the Bitcoin market without wrapping or cross-chain steps. Hashi employs a 2-of-2 multisig mechanism for deposit security, with over 25 institutions testing the network. Wave Digital Assets plans to issue Bitcoin yield bonds after mainnet launch. This Bitcoin market development marks a major milestone in Bitcoin layer-2 innovation.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.