Core, a proof of stake platform offering a dual Bitcoin staking solution, is teaming up with digital asset custody and wallet provider Cobo to expand its staking service in Asia.
The collaboration will see Core and Cobo bring dual Bitcoin (BTC) staking and sustainable yield to institutional investors, Core Foundation announced on Mar. 7.
In the announcement, shared with crypto.news via a press release, noted that Core will bring these features to users eyeing opportunities in the decentralized finance ecosystem across Asia. Core plans to offer this functionality via its DeFi-as-a-Service platform, with its sights on institutional adoption of BTC staking.
โOur integration with Cobo, a trusted leader in digital asset custody and blockchain infrastructure, greatly enhances the Core ecosystem by onboarding liquidity from high-caliber institutional clients,โ Brendon Sedo, an initial contributor at Core, said.ย
The integration means Cobo users can now stake both Bitcoin and CORE tokens to earn BTC yields. Core will allow institutional investors to leverage the platformโs overall accessibility to benefit from โsustainable and self-custodial Bitcoin yields.โ Coboโs blockchain solutions, which includes a secure and scalable network, will be key to this goal, Sedo added.
โBy integrating Coreโs innovative Dual Staking model with Coboโs trusted infrastructure, weโre further advancing institutional access to scalable and sustainable Bitcoin yields, paving the way for broader adoption of secure BTC staking solutions,โ Changhao Jiang, chief technology officer of Cobo, noted.
Core Foundationโs collaboration with Cobo builds on the platformโs previous traction in the Bitcoin staking, with institutions having leveraged its layer to stake more than 6,200 BTC. Coreโs end-to-end Bitcoin finance solution also features network security by miners. Miners earn CORE tokens when they help secure the network by delegating hash power, with this around 76% of delegated Bitcoin hashrate.
Core launched in 2023 and growth in the BTCfi ecosystem has seen Core integrate more than 150 Ethereum Virtual Machine-compatible decentralized applications. In December 2024, Core teamed up with Hashnote to unlock more BTC yields for users. That partnership helped bump Coreโs total value locked, or TVL, which currently stands at over $525 million.
Meanwhile, Cobot, founded in 2017, has helped over 500 digital asset businesses tap into on-chain opportunities.
