The Core Foundation has partnered with digital asset custodian Hex Trust to offer Bitcoin staking services to institutional clients across the Asia-Pacific (APAC) and Middle East and North Africa (MENA) regions. The collaboration aims to give institutions secure access to sustainable Bitcoin rewards.
Hex Trust has partnered with Core Foundation, a scaling solution for Bitcoin, to provide Bitcoin staking services to institutional clients in the Asia-Pacific and MENA regions.
Core’s “dual stalking technology” and Hex’s regulatory-compliant custody infrastructure would be integrated into the partnership, which was announced on Wednesday.
Bitcoin’s security and infrastructure are utilized by Core Foundation to establish a Proof-of-Stake (PoS) layer and a DeFi ecosystem. With the collaboration, clients could earn on-chain rewards by staking Bitcoin and CORE tokens without selling their Bitcoin.
Core’s Institutional Contributor, Hong Sun, stated, “This partnership with Hex Trust is a significant step in unlocking Bitcoin’s utility for institutional clients.” “We collectively contribute to developing a more sustainable and resilient Bitcoin DeFi ecosystem by expediting the adoption of Bitcoin yield strategies.”
Expansion of BTC Staking to the APAC and MENA Regions
The partnership follows Core’s recent expansion of dual Bitcoin staking in Asia. The firm collaborated with Singapore-based custodian Cobo in May to expand its institutional footprint.
Institutional interest in Bitcoin-based DeFi has continued to increase, and Core has now exceeded $260 million in dual-staked assets as of April.
In addition, institutional investors have demonstrated an intense appetite for Bitcoin staking. Staking has become the “core engine of BitcoinFi,” according to a recent study conducted by Maestro. The study identified a total value locked (TVL) of $7.39 billion, with over 68,500 bitcoins (BTC) locked up.
With the mutual integration of Hex and Core, institutional clients based in APAC and MENA can now generate rewards on their Bitcoin holdings with direct and fully secured access.
In addition, institutions can confidently access sustainable Bitcoin rewards, all while maintaining complete control and security over their assets.
Calvin Shen, Chief Commercial Officer of Hex Trust, says, “We are providing secure, high-quality staking solutions for institutions and family offices in the APAC and MENA regions through our fully licensed infrastructure.”