Core Foundation collaborates with Hex Trust to integrate Core dual staking services into the institutional-grade digital asset custody system.
This combination facilitates institutional investors in the Asia-Pacific and Middle East regions to access a safe, regulated Bitcoin income channel while developing the BTCFi ecosystem more effectively.
MAIN CONTENT
Core Foundation and Hex Trust collaborate to integrate Core dual staking into institutional custody services.
Institutional investors in the Asia-Pacific and Middle East regions gain access to a safe, legal Bitcoin income channel.
The service helps receive real on-chain block rewards without the need to transfer or sell Bitcoin.
Who has Core Foundation partnered with to integrate dual staking into institutional custody services?
Core Foundation announces a deep partnership with Hex Trust - a fully licensed digital asset custodian, to integrate dual staking Core into Hex Trust’s institutional custody system.
Hex Trust provides a secure, legally compliant custody solution, making Core staking services more accessible and effective for organizations.
Core Foundation and Hex Trust’s collaboration represents a significant leap in enabling institutional investors to benefit from BTCFi products with security and compliance.
Core Foundation, press release on August 20, 2023
What benefits does this collaboration bring to institutional investors?
Institutional investors in the Asia-Pacific and Middle East regions are provided with a safe, legal Bitcoin income channel through staking Bitcoin and CORE Token.
The highlight is that organizations can receive actual on-chain rewards without having to transfer or sell Bitcoin, helping to increase efficiency and accelerate the growth of the BTCFi ecosystem.
Why is it important not to transfer or sell Bitcoin when staking?
Keeping the amount of Bitcoin in the wallet while simultaneously receiving staking rewards helps investors protect their main assets and reduce the risk of depreciation due to market price fluctuations.
This method enhances convenience and optimizes profits for institutional investors participating in BTCFi while maintaining safety and transparency in managing cryptocurrency assets.
How will the BTCFi ecosystem be developed thanks to this collaboration?
This collaboration helps expand the user base of institutional clients and create a stable Bitcoin income stream, contributing to the attractiveness and liquidity of BTCFi products.
Thanks to the synchronized integration with custody services, Core Foundation expects to accelerate growth in scale and reliability of the BTCFi ecosystem in key markets.
What role do institutional-grade digital asset custody applications play in the cryptocurrency market?
This is an important bridge that helps large organizations safely access staking services and cryptocurrency financial products, ensuring compliance with laws and minimizing security risks.
Institutional-grade custody solutions like Hex Trust's also help increase transparency and meet the requirements for safe asset governance in large-scale transactions.
Frequently Asked Questions
What is Dual Staking Core?
Dual Staking Core allows users to stake Bitcoin and CORE Token simultaneously to receive actual on-chain rewards.
What services does Hex Trust provide?
Hex Trust is a fully licensed institutional-grade digital asset custodian, focusing on ensuring security and legal compliance.
Who benefits from this collaboration?
Institutional investors in the Asia-Pacific and Middle East regions are the primary group gaining access to a safe, compliant Bitcoin income channel.
What are the benefits of staking without transferring or selling Bitcoin?
Helps secure the underlying assets, reduce price volatility risk, and optimize returns from staking rewards.
What is BTCFi?
BTCFi is an ecosystem related to financial products based on Bitcoin, including highly efficient and safe staking services.
Source: https://tintucbitcoin.com/core-foundation-va-hex-trust-hop-tac-staking-bitcoin/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
