Institutional Bitcoin (lstBTC) Launched by Core Foundation, Maple Finance, BitGo, Copper, and Hex Trust

The launch of lstBTC aims to provide institutional Bitcoin holders with a yield-generating solution without requiring them to move their assets

Four key players in the digital asset custody and decentralized finance (DeFi) industries are joining forces to launch a new token aimed at helping institutions generate yield on their Bitcoin (CRYPTO: BTC) holdings.

Maple Finance, BitGo, Copper, and Hex Trust are partnering with Core Foundation to launch InstitutionalBitcoin, or lstBTC.

lstBTC aims to provide a capital-efficient solution for institutions looking to generate yield on their Bitcoin without having to move their assets from trusted custodians. Utilizing Core blockchain's Dual Staking mechanism, the new token will allow institutions to earn a Bitcoin-denominated yield while keeping their Bitcoin holdings with custodians like BitGo, Copper, or Hex Trust.

The的关键 feature of lstBTC is that it enables institutions to maintain custody of their Bitcoin while still participating in yield generation. It is a fully liquid token that can be traded, transferred, or used as collateral — all while earning yield. The minting process entails depositing Bitcoin with a custodian to receive lstBTC, and upon redemption, holders get their original Bitcoin along with yield in kind.

Institutions are increasingly seeking ways to generate yield on their digital asset holdings as they continue to allocate capital to the space. According to Maple Finance, there is over $500 billion in institutional Bitcoin sitting idle.

lstBTC aims to unlock capital efficiency while ensuring compliance and security, according to Maple Finance. The collaboration between Core Foundation, Maple Finance, and leading custodians provides a risk-managed and scalable solution to meet the growing demand for Bitcoin yield in the institutional space.