Curated News
By: NewsRamp Editorial Staff
December 09, 2024
Core Foundation and BitGo Announce Integration for Institutional Bitcoin Staking
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- BitGo's integration with Core enables institutional clients to earn scalable Bitcoin yield, giving them an advantage in the Bitcoin DeFi market.
- Institutions can unlock scalable, tiered yield by timelocking client Bitcoin and staking CORE tokens directly from BitGo’s qualified custody platform.
- Core's integration with BitGo makes the world a better place by expanding opportunities for institutional clients to securely generate yield from their Bitcoin holdings.
- Bitcoin Fusion MENA event on December 10, 2024, in Abu Dhabi, brings global blockchain leaders together to explore the future of Bitcoin and DeFi.
Impact - Why it Matters
This news matters as it opens up new opportunities for institutional clients to securely generate yield from their Bitcoin holdings. The integration between Core and BitGo enables institutional access to secure Bitcoin staking, introducing scalable yield while maintaining the security and trustlessness of the Bitcoin blockchain.
Summary
Core Foundation and BitGo have announced an integration that brings a new era in Bitcoin DeFi, enabling institutional access to Dual Staking. This collaboration introduces secure Bitcoin staking, unlocking scalable yield for institutional clients while maintaining Bitcoin's security and trustlessness.
With over $1B in TVL, Core is the leading Bitcoin aligned ecosystem, and BitGo's integration offers institutional-grade custody, enhanced BTC yield, and battle-tested security. This partnership establishes Bitcoin's 'risk-free rate' for the first time, providing yields subsidized by transaction fees and 81 years of Bitcoin block rewards.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Core Foundation and BitGo Announce Integration for Institutional Bitcoin Staking
