TechFlow reports that Anduro, incubated by Marathon Digital, is collaborating with Bitcoin L2 BOB to develop ALYS, a Bitcoin sidechain targeting institutional users, aiming to meet and expand institutional demand for Bitcoin applications and use cases.
ALYS is a permissionless chain that supports the EVM while leveraging Bitcoin's proof-of-work security. It is backed by the BOB tech stack and plans to launch in Q3. Initial use cases for ALYS include asset tokenization, hash rate financial products, decentralized infrastructure, loyalty programs, and payments.




