What happened?
Core Foundation has teamed up with Hex Trust to offer Bitcoin staking services to institutional clients in the Asia-Pacific and MENA regions. This partnership will integrate Core’s dual staking technology with Hex Trust’s regulatory-compliant custody infrastructure. The collaboration aims to enhance utility for Bitcoin by enabling staking of Bitcoin and CORE tokens, allowing clients to earn rewards without selling their holdings.
Who does this affect?
This development primarily affects institutional clients in the APAC and MENA regions seeking to engage in Bitcoin staking. It provides these institutions with access to secure, high-quality staking solutions while allowing them to control their assets fully. Family offices and other financial entities interested in sustainable Bitcoin yield strategies are also impacted, as they gain more opportunities to invest and earn returns.
Why does this matter?
The partnership between Core Foundation and Hex Trust signifies a growing interest and demand for Bitcoin-based DeFi solutions within the institutional market. With a significant amount of bitcoins already locked in staking, this collaboration underscores Bitcoin’s evolving role as a key player in decentralized finance. By expanding access to Bitcoin staking, the market could see increased institutional participation and further growth in the value locked in BitcoinFi, strengthening the overall cryptocurrency ecosystem.