BitGo Becomes the First US Qualified Custodian to Offer Secure Institutional Yield for $2T of Untapped Bitcoin Liquidity via Core

Quick Summary:

"By combining Core’s secure, sustainable, and scalable staking solutions with BitGo’s unparalleled custody services, we’re ushering in a new era of Bitcoin DeFi.” What the Integration Delivers Institutional-Grade Custody: BitGo’s trusted custody solutions enable secure, user-friendly staking of Bitcoin and CORE tokens, unlocking sustainable yield for institutional investors.

Secured by 75% of Bitcoin’s hash power through robust miner participation, Core enables groundbreaking staking solutions, including over 5,300 BTC staked to unlock billions in previously passive Bitcoin value.  In addition, Core provides a scalable and sustainable foundation for institutional Bitcoin staking with over $900 million in total value locked (TVL) and robust ecosystem activity—including 100+ dApps, 500,000 weekly active wallets, and 319 million transactions since launch.

The integration marks a new era in Bitcoin DeFi (BTCfi) as BitGo becomes the first custodian to enable institutional access to Dual Staking, enabling clients to earn scalable Bitcoin yield while maintaining the hallmark security and trustlessness of the Bitcoin blockchain.

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Article Details

Author / Journalist: Core Foundation

Category: Technology

Markets: China

Topics: Core Yield Dual Clients Institutional First Bitcoin Scalable Custody Staking Bitgo

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 18:30:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 641 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 24288512

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