Bitcoin Staking Platform Core Expands in APAC with Custodian Cobo
In a bid to reach more institutional clients in the Asia-Pacific (APAC) region, Bitcoin staking platform Core has partnered with Singapore-based custodian Cobo. This collaboration aims to enable Cobo’s institutional clients to earn a yield on their BTC holdings while still maintaining full control over their assets. This strategic move by Core signifies a significant step towards expanding its presence in the rapidly growing APAC market.
The partnership between Core and Cobo comes at a time when various projects are offering BTC holders opportunities to earn yields, potentially injecting a considerable amount of liquidity into the decentralized finance (DeFi) sector. These initiatives also offer an alternative revenue stream for miners, which could help counterbalance the decline in Bitcoin block subsidies.
Core’s staking protocol has already attracted over 6,200 BTC (equivalent to $548 million) and boasts a blockchain secured by approximately 76% of Bitcoin’s hashrate, as per the announcement made on Friday. This achievement underscores the platform’s reliability and appeal to potential institutional investors seeking secure ways to stake their BTC holdings.
Brendon Sedo, an initial contributor at Core, emphasized the significance of the partnership with Cobo in enhancing the Core ecosystem by attracting liquidity from reputable institutional clients. This collaboration not only expands Core’s reach but also underscores its commitment to providing innovative solutions to the growing demand for staking services in the crypto space.
Expanding Institutional Reach Through Strategic Partnerships
In its pursuit of further institutional reach, Core recently entered into partnerships with Maple Finance, as well as custodians BitGo, Copper, and Hex Trust. These collaborations are aimed at broadening access to BTC staking for institutions, highlighting Core’s proactive approach to meeting the evolving needs of institutional investors in the cryptocurrency market.
Jamie Crawley, a member of CoinDesk’s news team, has been closely following Core’s developments and the broader trends in the crypto industry. His insights into breaking news, Bitcoin technology, and crypto venture capital provide valuable context for understanding the significance of Core’s expansion efforts in the APAC region. By keeping a close eye on emerging trends and developments, Jamie offers a unique perspective on the evolving landscape of cryptocurrency staking and its implications for institutional investors.
As Core continues to forge strategic partnerships and expand its reach in key markets like APAC, the platform is poised to play a pivotal role in shaping the future of crypto staking and decentralized finance. By offering institutional clients innovative solutions that combine security, yield generation, and asset control, Core is paving the way for a more inclusive and sustainable financial ecosystem in the digital age.
By leveraging the expertise of industry leaders like Cobo and forging alliances with key players in the crypto custodial space, Core is well-positioned to capitalize on the growing demand for secure and reliable BTC staking solutions. As the platform continues to attract institutional investors and expand its network of partners, Core’s influence in the crypto staking landscape is set to grow, creating new opportunities for investors and stakeholders alike.
In a rapidly evolving crypto landscape, Core’s strategic partnerships and innovative approach to BTC staking demonstrate the platform’s commitment to driving growth and innovation in the digital asset space. As the platform continues to expand its reach and attract institutional clients, Core is poised to become a leading player in the global crypto staking market, offering secure and reliable solutions for investors seeking to maximize their returns while maintaining control over their assets.
