"Institutions Cash In: lstBTC Offers Yield on Bitcoin Without Compromising Custody"

The Core Foundation, in collaboration with Maple Finance, BitGo, Copper, and Hex Trust, has launched lstBTC, a liquidity and yield-bearing Bitcoin token designed for institutions. This innovative product allows institutions to earn yield through Core's blockchain dual-staking mechanism without moving their Bitcoin custody, while maintaining security, compliance, and liquidity.

The launch of lstBTC addresses the long-standing trade-off between yield and security faced by institutional Bitcoin holders. By converting Bitcoin into a productive asset, institutions can maximize capital efficiency without altering existing custody arrangements. Currently, over 5000 BTC and 165 million CORE are staked on the Core blockchain, further enhancing the utility and network security of Bitcoin.

lstBTC is now live, and institutional users can participate through trusted custody platforms such as BitGo, Copper, or Hex Trust. This collaboration between Core Foundation and leading industry players demonstrates a commitment to driving innovation and value in the digital asset space.