Sui Foundation and Mysten Labs launch Hashi testnet

Sui Foundation and Mysten Labs have launched the Hashi testnet for Bitcoin staking protocol, providing unsecured or cross chain staking support for the $1.4 trillion Bitcoin market. Hashi protects deposits through a 2-of-2 multi signature mechanism, with over 25 institutions participating in testing. Wave Digital Assets plans to promote the tokenization of Bitcoin yield bonds after its mainnet launch.