Core, the issuer of the liquid-staking token lstBTC, has partnered with Singapore-based custodian Cobo to broaden its institutional footprint in the Asia-Pacific (APAC) region. This collaboration allows Cobo’s institutional clients to earn yields on their Bitcoin (BTC) holdings while retaining full control of their assets.

Key Points:

• Bitcoin staking platform Core is collaborating with Cobo to reach more institutional clients in APAC.
• This initiative helps unlock liquidity in the decentralized finance (DeFi) space and provides alternative revenue streams for miners, aiding in mitigating the decline of Bitcoin block subsidies.

Core’s staking protocol currently secures over 6,200 BTC (approximately $548 million) and is underpinned by about 76% of Bitcoin’s hashrate according to the recent announcement.

“This integration with Cobo greatly enhances the Core ecosystem by onboarding liquidity from high-caliber institutional clients,” - Brendon Sedo, Initial Contributor at Core.

Last month, Core also established partnerships with other financial entities, marking a significant move to improve BTC staking access for institutional investors.