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

General

Core
Foundation,
the
entity
dedicated
to
growing Core,
the
largest
Bitcoin
DeFi
ecosystem, today
announced
its
integration
with BitGo,
the
global
leader
in
institutional-grade
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,
enabling
clients
to
earn
scalable
Bitcoin
yield
while
maintaining
the
hallmark
security
and
trustlessness
of
the
Bitcoin
blockchain.

Unlocking
Institutional
BTC
Yield
at
Scale
BitGo’s
integration
with
Core
introduces
institutional
clients
to
secure
Bitcoin
staking
,
leveraging
Core’s
cutting-edge
Dual
Staking
model.
By
timelocking
client
Bitcoin
and
staking
CORE
tokens
directly
from
BitGo’s
qualified
custody
platform,
institutions
can
unlock
scalable,
tiered
yield
without
incurring
any
slashing,
credit,
counterparty,
or
smart
contract
risks
on
their
principal
assets.

Core
is
the
leading
Bitcoin
aligned
ecosystem,
with
CORE
being
the
fastest
growing
top
15
chain,
exceeding
$1B
in
TVL,
according
to
DefiLlama.

“BitGo’s
decision
to
integrate
Core
is
a
milestone
for
institutional-grade
Bitcoin
staking,”
said
Rich
Rines,
Initial
Contributor
at
Core.
“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.
Enhanced
BTC
Yield:
Dual
Staking
offers
higher
returns,
with
CORE
staking
unlocking
top-tier
yield
rates.
Battle-Tested
Security:
Core’s
staking
solutions
allow
Bitcoin
holders
to
retain
full
custody
of
their
assets,
avoiding
counterparty
risk
and
maintaining
Bitcoin’s
security-first
ethos.

“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
US
qualified
custodian
to
enable
access
to
Core’s
innovative
Dual
Staking
model,
we’re
delivering
scalable
and
sustainable
solutions
that
align
with
Bitcoin’s
security-first
principles
while
unlocking
new
value
for
institutions.”

Opening
Bitcoin
DeFi
to
Institutions
Core’s
innovative
staking
solutions
establish
Bitcoin’s
“risk-free
rate”
for
the
first
time,
offering
yields
subsidized
by
transaction
fees
and
81
years
of
Bitcoin
block
rewards.
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.

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
panel
events,
fireside
chats,
and
networking
opportunities,
be
sure
to
visit
Core
at
Booth
M-120
to
discover
more
about
its
partnership
with
BitGo
and
learn
how
Dual
Staking
unlocks
institutional-grade
Bitcoin
yield.
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
boosting
yield
with
Dual
Staking
at https://www.youtube.com/watch?v=zqzGoQwT9Rs and
learn
more
about
the
Core
Foundation
at https://coredao.org/.

About
BitGo
BitGo
is
the
leading
infrastructure
provider
of
digital
asset
solutions,
offering
custody,
wallets,
staking,
trading,
financing
and
settlement
out
of
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
largest
independent
digital
asset
custodian
in
the
world.
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-compatible
BTCfi
ecosystem.
Since
April
2024, over
5,300
BTC have
been
staked
with
Core,
enhancing
Bitcoin’s
utility
and
security.
Core
is
the
most
Bitcoin-aligned
EVM
blockchain,
with
~76%
of
Bitcoin
mining
hash
power
contributing
to
the
network’s
security.
This
breakthrough
has
amassed
millions
of
Core
adopters
—
over 29M
unique
addresses, 317M+
transactions,
and over
$1BTVL onchain
since
its
mainnet
launch
in
January
2023.

Website: https://coredao.org/
Twitter: https://x.com/Coredao_Org
Telegram: https://t.me/CoreDAOTelegram
Discord: https://discord.com/invite/coredaoofficial
YouTube: https://www.youtube.com/@Core_DAO_Official

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