Institutions Can Earn Bitcoin Yield With lstBTC While Retaining Custodian Security
Posted On February 18, 2025
Maple Finance, BitGo, Copper, and Hex Trust have partnered with Core Foundation to launch InstitutionalBitcoin, lstBTC.
What Happened: The launch of lstBTC aims to provide institutional Bitcoin holders with a yield-generating solution without requiring them to move their assets from trusted custodians. By leveraging Core blockchain’s Dual Staking mechanism, this new token allows institutions to earn Bitcoin-denominated yield while keeping their holdings with custodians such …
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