Bitcoin Staking Platform Core Seeks Asia Pacific Expansion Through Custodian Cobo
BTC Staking Platform Core Aims to Expand Institutional Reach with Custodian Cobo in Asia Pacific
Core, the issuer of the lstBTC token, will provide Cobo's institutional clients with the ability to earn income from BTC assets while maintaining full control over their funds.
Jamie Crowley | Edited by Sheldon Reback Updated March 7, 2025, 20:31 UTC Published March 7, 2025, 16:00 UTC
Key points:
- Bitcoin staking company Core has partnered with Singapore-based custodian Cobo to increase its institutional presence in the Asia-Pacific region.
- A variety of projects are now offering BTC holders the opportunity to earn income, which could unlock significant liquidity in the DeFi space.
Bitcoin (BTC) staking company Core has partnered with Singapore-based custody operator Cobo to increase its institutional presence in the Asia-Pacific (APAC) region.
Core, the creator of the liquid staking token lstBTC, will allow Cobo's institutional clients to earn on their BTC holdings while maintaining full control over their assets, according to an email sent to CoinDesk on Friday.
A number of projects are now offering BTC holders a way to generate income, which could unlock endless liquidity in the decentralized finance (DeFi) space. They are also offering alternative income sources for miners, which could help offset the decline in Bitcoin block subsidies.
According to Friday's announcement, the Core staking protocol has secured more than 6,200 BTC ($548 million), and its blockchain is secured by approximately 76% of Bitcoin's hashrate.
“Our integration with Cobo significantly grows the Core ecosystem by attracting liquidity from large institutional clients,” said Brandon Sedo, co-founder of Core.
Last month, Core teamed up with Maple Finance and custodians BitGo, Copper, and Hex Trust in a new initiative that promises to improve access to BTC staking for institutions.
