Tech
Share this article

BTC Staking Platform Core Seeks Further Institutional Reach With APAC Custodian Cobo

Core, the issuer of lstBTC, will enable Cobo's institutional clients to earn yield on BTC holdings while maintaining full control over their assets.

By Jamie Crawley|Edited by Sheldon Reback
Updated Mar 7, 2025, 8:31 p.m. Published Mar 7, 2025, 4:00 p.m. 1 min read
Staking (Shutterstock)
Staking platform Core is expanding into the Asia Pacific region. (Shutterstock)

What to know:

  • Bitcoin staking layer Core has teamed up with Singapore-based custodian Cobo to expand its institutional reach into the Asia Pacific region.
  • Numerous projects are now offering BTC holders a means of earning yield, potentially unlocking untold liquidity into the DeFi industry.

Bitcoin (BTC) staking layer Core has teamed up with Singapore-based custodian Cobo to expand its institutional reach into the Asia-Pacific (APAC) region.

Core, issuer of the liquid-staking token lstBTC, will enable Cobo's institutional clients to earn a return on BTC holdings while maintaining full control over their assets, according to an emailed announcement shared with CoinDesk on Friday.

Numerous projects are now offering BTC holders a means of earning yield, potentially unlocking untold liquidity into the decentralized finance (DeFi) industry. They also provide alternative revenue sources to miners, which can help to offset declining Bitcoin block subsidies.

Core's staking protocol has secured over 6,200 BTC ($548 million) with its blockchain secured by around 76% of Bitcoin's hashrate, according to Friday's announcement.

“Our integration with Cobo greatly enhances the Core ecosystem by onboarding liquidity from high-caliber institutional clients,” said Brendon Sedo, initial contributor at Core.

Last month, Core partnered with Maple Finance and custodians BitGo, Copper and Hex Trust in another move that promised to broaden access to BTC staking for institutions.

Bitcoin NewsStakingCore daoCobo

More For You

XRP Ledger's new proposal blocks the flash loan attacks costing DeFi hundreds of millions

By Shaurya Malwa
6 hours ago
XRP News

A draft XRPL amendment notes that flash loan attacks are "structurally impossible" on the network because of how its transactions are built, an architectural quirk that has spared the chain from the exploit class that has cost Ethereum DeFi billions.

What to know:

  • Recent DeFi exploits on protocols like Thorchain, Drift and KelpDAO have relied on flash loans, a mechanism that does not exist on the XRP Ledger.
  • Because XRPL transactions are atomic and cannot include composable intra-transaction calls, flash loan attacks are structurally impossible on the network.
  • As XRPL pursues AMM upgrades...
Read full story