Curated News
By: NewsRamp Editorial Staff
August 08, 2024
Core Foundation Announces Strategic Partnership with Copper for Non-Custodial BTC Staking
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Discuss on SubstackTLDR
- Strategic partnership with Copper will support CORE token and staking activities, providing advantage in the institutional market.
- Copper's ClearLoop infrastructure enables clients to manage collateral and settle trades, increasing capital efficiency.
- Partnership with Copper offers a safe and secure means of providing investment to the institutional market, making tomorrow better.
- Core is dominating BTCfi metrics, with over 19M unique addresses, solidifying its top 5 position as of July 3rd.
Impact - Why it Matters
This news matters as it represents a significant step in providing a safe and secure means of Non-Custodial BTC Staking to the institutional market, maximizing Bitcoin investment and yield through a mechanism like the one offered by Core. It impacts the institutional market, providing greater accessibility and establishing institutional trust.
Summary
The Core Foundation and Copper have entered into a strategic partnership to support the CORE token and staking activities, allowing Bitcoin and CORE to be staked directly from a custodial account. This partnership is a key step for Core in offering Non-Custodial BTC Staking to the institutional market. Since being founded in 2018, Copper has been building the standard for institutional digital asset infrastructure with a focus on custody and collateral management.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Core Foundation Announces Strategic Partnership with Copper for Non-Custodial BTC Staking
