Core Foundation, the entity dedicated to growth Heartthe largest Bitcoin DeFi ecosystem, today announced its integration with BitGothe global leader in institutional custody and financial services for digital assets. The integration marks a new era in Bitcoin DeFi (BTCfi) as BitGo becomes the first custodian to enable institutional access to Dual Staking, allowing customers to earn scalable Bitcoin yield while maintaining the security and trustworthiness of the Bitcoin blockchain.
Unlocking institutional BTC yield at scale
BitGo’s integration with Core allows institutional clients to secure Bitcoin staking, leveraging Core’s industry-leading Dual Staking model. By locking customer Bitcoin and staking CORE tokens directly from BitGo’s qualified custody platform, institutions can unlock scalable, incremental yield without incurring discount, credit, counterparty, or contract risks smart about their main assets.
Core is the primary ecosystem aligned with Bitcoin, with CORE being the fastest growing top 15 chain, surpassing $1 billion in TVL, according to DefiLlama.
“BitGo’s decision to integrate Core is an important step for institutional-grade Bitcoin staking,” said Rich Rines, initial contributor at Core. “By combining Core’s secure, durable, and scalable staking solutions with BitGo’s unprecedented custody services, we are ushering in a new era of Bitcoin DeFi.”
What integration brings
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Institutional level guard: BitGo’s trust custody solutions enable secure and user-friendly staking of Bitcoin and CORE tokens, unlocking sustainable yield for institutional investors.
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Improved BTC yield: Dual Staking offers higher returns, with CORE Staking unlocking premier rates of return.
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Battle-tested safety: Core’s staking solutions allow Bitcoin holders to maintain full custody of their assets, avoiding counterparty risk and maintaining Bitcoin’s security philosophy.
“BitGo’s integration with Core underscores our commitment to expanding opportunities for institutional clients to securely generate yield from their Bitcoin holdings,” said Mike Belshe, CEO of BitGo. “As the first qualified custodian in the United States to enable access to Core’s innovative Dual Staking model, we offer scalable and sustainable solutions that align with Bitcoin’s security principles while unlocking new value for institutions.”
Open Bitcoin DeFi to Institutions
Core’s innovative staking solutions establish Bitcoin’s “risk-free rate” for the first time, providing returns subsidized by transaction fees and 81 years of Bitcoin block rewards. Secured by 75% of Bitcoin’s hash power through strong miner participation, Core enables revolutionary staking solutions, including over 5,300 BTC staked to unlock billions of previously passive Bitcoin value.
Additionally, 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 over 100 dApps, 500,000 weekly active wallets, and 319 million transactions since its launch.
Spotlight on Bitcoin Fusion MENA
Bitcoin Fusion MENA, taking place on December 10, 2024 in Abu Dhabi, brings together global blockchain leaders to explore the future of Bitcoin and DeFi. In addition to panels, fireside chats, and networking opportunities, be sure to visit Core at booth M-120 to learn more about its partnership with BitGo and discover how Dual Staking unlocks industry-level Bitcoin yield institutional. To RSVP, please visit https://lu.ma/9mp78kq4.
For frequently asked questions about Dual Staking, visit https://docs.coredao.org/docs/FAQs/dual-staking-faqs. Watch quick tutorials on increasing yield with Dual Staking on https://www.youtube.com/watch?v=zqzGoQwT9Rs and learn more about the Core Foundation at https://coredao.org/.
About BitGo
BitGo is the leading digital asset solutions infrastructure provider, offering custody, wallets, staking, trading, financing and settlement services from regulated cold storage. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. BitGo also secures approximately 20% of all on-chain Bitcoin transactions by value and is the world’s largest independent custodian of digital assets. For more information, please visit www.bitgo.com.
About Core
Core is the Proof of Stake (PoS) layer for Bitcoin, enabling non-custodial Bitcoin staking and supporting an EVM-enabled BTCfi ecosystem. Since April 2024, over 5,300 BTC were staked with Core, improving the utility and security of Bitcoin. Core is the EVM blockchain most aligned with Bitcoin, with approximately 76% of Bitcoin mining hash power contributing to the security of the network. This breakthrough brought together millions of Core adopters – more than 29 million unique addresses, Over 317 million transactionsAnd more than $1 BTVL onchain since its mainnet launch in January 2023.
Website: https://coredao.org/
Twitter: https://x.com/Coredao_Org
Telegram: https://t.me/CoreDAOTelegram
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Media contact: (email protected)
