Mysten Labs
Mysten Labs business and news from across the web.
Latest coverage
Sui Solved AI Agents Moving Real Money in DeFi, Mysten’s Abiodun Claims — Proof Comes at Basecamp
Mysten Labs co-founder Adeniyi Abiodun claims the team has developed a method for AI agents and humans to move real money into Decentralized Finance without compromising trust, with a reveal planned for Sui Basecamp in Singapore on October 7-8. While details remain scarce, the announcement has generated significant buzz, with Sui's official channels teasing a major technological breakthrough. This development follows Sui's recent focus on agentic workflows and high transaction throughput, aiming to revolutionize digital payments.
Sui’s AI treasury experiment: agents get the job, an MPC committee keeps the keys
Mysten Labs has developed a prototype for the Sui blockchain that allows an AI agent to manage a company's treasury without direct access to private keys or balances. Payments are proposed by the AI but require approval from a Multi-Party Computation (MPC) committee, which verifies them against predefined spending policies written in Move. This system utilizes Seal MPC and Sui's confidential transfer technology to encrypt amounts and balances while keeping sender, receiver, and token type visible.
Sui Launches Hashi Testnet, Bringing Bitcoin-Backed Lending Closer to Mainnet
Sui has launched its Hashi testnet, enabling developers and institutions to trial Bitcoin-backed lending applications before the mainnet release. This system allows native Bitcoin to be used as collateral on the Sui network without leaving the Bitcoin blockchain, governed by smart contracts and secured by a new Guardian Layer for enhanced safety. Over 25 partners, including major custody and trading firms, are testing the infrastructure, with legal analysis suggesting deposits and redemptions may not be taxable events in the U.S.
