BitGo Pioneers Institutional Bitcoin Yield with Core Integration

In a significant development for institutional Bitcoin investors, BitGo has announced its integration with Core, becoming the first US qualified custodian to enable institutional access to Dual Staking. This groundbreaking move allows BitGo's clients to earn scalable Bitcoin yield while adhering to the security and trustlessness principles of the Bitcoin blockchain.

The integration introduces institutional clients to secure Bitcoin staking through Core's Dual Staking model. By timelocking client Bitcoin and staking CORE tokens directly from BitGo's qualified custody platform, institutions can now access tiered yield without exposure to slashing, credit, counterparty, or smart contract risks on their principal assets. This development has the potential to unlock $2 trillion of previously untapped Bitcoin liquidity.

Core, the largest Bitcoin DeFi ecosystem, has established itself as a leading platform with over $1 billion in Total Value Locked (TVL). The integration with BitGo brings together Core's secure and scalable staking solutions with BitGo's renowned custody services, marking a new era in Bitcoin DeFi (BTCfi).

Mike Belshe, CEO of BitGo, emphasized the company's commitment to expanding opportunities for institutional clients to securely generate yield from their Bitcoin holdings. The move aligns with Bitcoin's security-first principles while unlocking new value for 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, Core has already seen over 5,300 BTC staked, unlocking billions in previously passive Bitcoin value.

This integration is poised to have far-reaching implications for the institutional adoption of Bitcoin DeFi. By providing a secure and regulated avenue for Bitcoin yield generation, BitGo and Core are addressing a crucial need in the market. The move could potentially accelerate the integration of Bitcoin into traditional financial systems and open up new opportunities for institutional investors to participate in the growing DeFi ecosystem.

As the first US qualified custodian to offer this service, BitGo is setting a precedent that could lead to broader adoption of Bitcoin staking among institutional investors. This development may also spur innovation in the Bitcoin DeFi space, as other custodians and financial service providers seek to offer similar yield-generating opportunities to their institutional clients.