Core and BitGo have partnered to provide institutional clients with secure, sustainable, and scalable Bitcoin yield while keeping assets in qualified custody.

ABU DHABI – BTC MENA , Dec. 09, 2024 — Core Foundation, focused on expanding the largest Bitcoin DeFi ecosystem, today announced its integration with BitGo, a leader in institutional digital asset custody and financial services. This integration marks a significant step for Bitcoin DeFi (BTCfi), as BitGo becomes the first custodian to offer institutions access to Dual Staking, enabling them to earn Bitcoin yield while maintaining Bitcoin’s inherent security and decentralization.

Enabling Institutional Bitcoin Yield at Scale
BitGo’s integration with Core offers institutions secure Bitcoin staking using Core’s Dual Staking model. By time-locking Bitcoin and staking CORE tokens directly through BitGo’s qualified custody, institutions gain scalable, tiered yield without risks to their principal assets from slashing, credit issues, counterparties, or smart contracts.

Core is a leading Bitcoin-focused ecosystem, with CORE being a rapidly growing top-15 blockchain, boasting over $1B in Total Value Locked (TVL), according to DefiLlama. 

“BitGo’s Core integration is a landmark achievement for institutional Bitcoin staking,” said Rich Rines, Initial Contributor at Core. “Combining Core’s secure, sustainable, and scalable staking solutions with BitGo’s custody services ushers in a new era for Bitcoin DeFi.”

Benefits of the Integration

  • Institutional-Grade Custody: BitGo’s secure custody enables easy and safe staking of Bitcoin and CORE tokens, providing sustainable yield for institutional investors.
  • Increased BTC Yield: Dual Staking offers higher returns, with CORE staking providing top-tier yield rates.
  • Proven Security: Core’s staking solutions let Bitcoin holders retain asset custody, avoiding counterparty risk and upholding Bitcoin’s security focus.

“BitGo’s Core integration reflects our commitment to expanding opportunities for institutional clients to securely generate yield on their Bitcoin holdings,” said Mike Belshe, CEO of BitGo. “As the first US qualified custodian enabling access to Core’s Dual Staking, we provide scalable, sustainable solutions aligned with Bitcoin’s security principles, unlocking new value for institutions.”

Opening Bitcoin DeFi to Institutions
Core’s staking solutions establish Bitcoin’s “risk-free rate” for the first time, offering yields supported by transaction fees and 81 years of Bitcoin block rewards. Secured by 75% of Bitcoin’s hash power through strong miner participation, Core facilitates innovative staking solutions, including over 5,300 BTC staked, unlocking billions in previously unused Bitcoin value. 

Furthermore, Core provides a scalable and sustainable platform for institutional Bitcoin staking with over $900 million in total value locked (TVL) and a robust ecosystem—including 100+ dApps, 500,000 weekly active wallets, and 319 million transactions since launch.

Highlighting Bitcoin Fusion MENA

Bitcoin Fusion MENA, occurring on December 10, 2024, in Abu Dhabi, brings together global blockchain leaders to discuss the future of Bitcoin and DeFi. Core will be at Booth M-120 to showcase its BitGo partnership and Dual Staking solutions. For RSVP information, please visit .

For Dual Staking FAQs, visit . View Dual Staking yield-boosting tutorials at  and learn more about the Core Foundation at . 

About BitGo
BitGo is a leading infrastructure provider for digital asset solutions, offering custody, wallets, staking, trading, financing, and settlement from regulated cold storage. Founded in 2013, BitGo is the first digital asset company focusing solely on institutional clients. BitGo secures roughly 20% of all on-chain Bitcoin transactions by value and is the world’s largest independent digital asset custodian. For details, visit .

About Core
Core is the Proof of Stake (PoS) layer for Bitcoin, enabling Non-Custodial Bitcoin Staking and supporting an EVM-compatible BTCfi ecosystem. Since April 2024, have been staked with Core, enhancing Bitcoin’s utility and security. Core is the most Bitcoin-aligned EVM blockchain, with ~76% of Bitcoin mining hash power contributing to its security. This has resulted in millions of Core users — over,, and onchain since its January 2023 mainnet launch.

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Media Contact: core@transformgroup.com

CONTACT: core at transformgroup.com