GuShiio.com Institutions can now trade, transfer and use lstBTC on trusted platforms while earning revenue.
The Core Foundation, in partnership with Maple Finance, BitGo, Copper and Hex Trust, announced the launch of lstBTC. lstBTC will become a new type of liquid, revenue-bearing Bitcoin token on the Core blockchain. It is specially designed for institutions and aims to generate income from idle bitcoins. By converting Bitcoin into productive assets, lstBTC provides holders with a way to convert billions of dollars into revenue while maintaining security, compliance and liquidity. lstBTC aims to improve capital efficiency while maintaining security, compliance and liquidity, allowing institutions to generate sustainable returns from idle Bitcoin holdings without having to change existing custody arrangements.
Unlock Bitcoin collateral with income
lstBTC will change the trade-off faced by institutional Bitcoin holders: using BTC as a safe means of storing value, or sacrificing security or liquidity to gain gains. lstBTC allows institutions to earn the proceeds of payments in Bitcoin without moving BTC out of a trusted custodian.
With more than $500 billion of Bitcoin currently incurring fees in escrow accounts, lstBTC unleashes huge savings potential. It enables institutions to achieve sustainable returns from Bitcoin holdings while maintaining principal security, liquidity and capital efficiency. Maple Finance, with its expertise in institutional credit markets and risk management, is responsible for developing revenue generation strategies that meet regulatory and risk standards, helping lstBTC holders simplify the revenue capture process without having to transfer BTC out of custody. By integrating lstBTC into their broader institutional infrastructure, Maple Finance helps organizations maximize capital efficiency without sacrificing security.
Sidney Powell, CEO and co-founder of Maple Finance, said: “The lack of bitcoin revenue options has always been a significant gap in the market. Maple is honored to partner with CORE to launch lstBTC, allowing institutions to reap the benefits of their BTC without having to relinquish the security of trusted custodians.”
How lstBTC works
Institutions can coin lstBTC by depositing bitcoins into a trusted custodian such as BitGo, Copper, or Hex Trust.
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LstBTC generates income while remaining fully liquid-institutions can trade, transfer or use lstBTC as collateral.
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When redeemed, the holder will receive his original bitcoin and a proportionate amount of proceeds directly into his escrow account.
lstBTC leverages the dual pledge mechanism of the Core blockchain to enable Bitcoin to earn CORE rewards while protecting network security. Maple Finance, as a trusted investment manager, uses clear strategies and institutional risk management to transparently optimize returns, while custodians ensure compliance and asset security.
This approach ensures capital efficiency, security and scalability, providing institutions with a seamless way to reap the benefits of their Bitcoin holdings without interfering with existing workflows.
What makes lstBTC unique
Unlike other Bitcoin revenue solutions, lstBTC is designed for institutions without the need to transfer assets or take unnecessary risks.
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There is no need to change custody arrangements-institutions can continue to deposit bitcoins in existing custodians.
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Real BTC gains-Get gains denominated in BTC through Core’s dual pledge mechanism without having to transfer Bitcoin out of the custodian.
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Fully liquid and scalable-lstBTC can be traded, transferred or used as collateral while the underlying bitcoin is still generating revenue.
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Designed for institutional use cases-seamlessly integrated into existing and new portfolio strategies to increase returns.
Hong Sun, institutional contributor to Core DAO, said: “This collaboration is a breakthrough for institutional Bitcoin holders. lstBTC is finally allowing institutions to reap the benefits from their bitcoins while maintaining existing custody and security frameworks. By combining the Core blockchain’s dual pledge mechanism, Maple Finance’s risk management strategy, and BitGo, Copper and Hex Trust’s trusted custody infrastructure, lstBTC sets a new standard for institutional Bitcoin solutions.”
Newly defined Bitcoin for institutional investors
lstBTC enables institutional clients-including portfolio managers, ETP issuers, qualified investors, and market makers-to maximize Bitcoin productivity without sacrificing security or operational efficiency. With support from the most trusted brands in asset management, digital asset custody, liquidity and risk management, lstBTC sets a new standard for institutional Bitcoin earnings.
About Core
Core is Bitcoin’s first proof-of-stake (PoS) layer and the largest Bitcoin DeFi ecosystem, combining Bitcoin’s unparalleled security with the scalability of the Satoshi Plus Consensus. Core’s dual pledge mechanism allows Bitcoin holders to obtain safe and sustainable returns by simultaneously pledging BTC and CORE, while retaining full control of their assets.
Currently, more than 5500 BTC and 165 million CORE are pledged on the Core blockchain, enhancing the practicality and security of Bitcoin. Core is the EVM blockchain most consistent with Bitcoin. About 80% of Bitcoin mining power contributes to the security of the network. This breakthrough has attracted millions of Core adopters-more than 40 million unique addresses, 350 million transactions, and more than $850 million in total lock-in value (TVL) since the mainline launch in January 2023.
For more information, visit coredao. org.
About Maple Finance
Launched in 2021, Maple Finance is DeFi’s institutional lending platform that provides a transparent and verifiable on-chain institutional lending market. As a leader in decentralized finance, Maple is building a global lending ecosystem focused on innovation and accessibility. At the heart of the ecosystem is the SYRUP token launched in 2024, which empowers the Maple community through pledge, governance and sharing agreement growth. Maple is jointly promoting the development of the next generation of institutional credit markets in DeFi.
For more information, visit www.maple.finance.
About BitGo
BitGo is a leading infrastructure provider of digital asset solutions, providing custody, wallet, pledge, trading, financing and settlement services from regulated cold storage. Since our founding in 2013, we have focused on helping customers safely enter the digital asset space. Through multiple regulated entities, BitGo has extensive operations around the world, serving thousands of institutions, including many of the industry’s top brands, exchanges and platforms, as well as millions of retail investors around the world. As the operational pillar of the digital economy, BitGo handles a large portion of Bitcoin online transactions and is the world’s largest independent provider of digital asset custody and pledge services.
For more information, visit www.bitgo.com.
About Copper
Since its establishment in 2018, Copper has been committed to building standards for institutional digital asset infrastructure, focusing on custody and collateral management. Copper leverages award-winning technology to build a comprehensive and secure suite of products and services for securely hosting and trading digital assets. The core of Copper’s infrastructure is ClearLoop, which enables customers to manage collateral and settle transactions on multiple exchanges while reducing counterparty risk and improving capital efficiency.
For more information, visit www.copper.co.
About Hex Trust
Founded in 2018, Hex Trust provides regulated institutional digital asset custody, pledge and marketing services to builders, investors and service providers. Access our comprehensive, secure and regulated service suite through our proprietary and fully integrated infrastructure.
For more information, visit www.hextrust.com.
