Core Foundation and Hex Trust partner to unlock dual staking for BTC and CORE
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Digital asset custodian Hex Trust has announced a key collaboration with the organization driving Bitcoin’s leading scaling network.
According to today’s press release, this alliance will integrate Core’s Dual Staking into Hex’s advanced custody infrastructure.
The collaboration allows institutional investors in the MENA and APAC regions to access secure and compliant BTC and CORE staking incentives.
The partnership is part of the ongoing efforts to bridge the thriving Bitcoin finance (BTCFi) ecosystem and traditional institutions.
Institutions can secure the Core blockchain by time-locking BTC and earn rewards without moving or offloading their Bitcoin.
That’s a substantial leap toward unlocking Bitcoin beyond a store of wealth into a yield-bearing, productive digital currency.
Core’s Institutional Contributor, Hong Sun, commented on the collaboration, stating:
Hex Trust has consistently been a forward-thinking leader in the digital asset space, and their rapid move to offer new solutions to their clients – who are keen to turn Bitcoin into a productive, secure asset – perfectly aligns with Core’s mission.
Together, we are accelerating the adoption of Bitcoin yield strategies and creating a more robust and sustainable ecosystem for Bitcoin DeFi.
Hex Trust unlocks dual staking for institutions
Hex Trust offers secure and compliant custodial services.
It is integrating Cores Dual Staking into its ecosystem to allow institutional players to maximize rewards while holding their assets.
Clients can use their Hex custody accounts to stake BTC or CORE (without selling or transferring coins).
The feature promises scalable returns from on-chain undertakings.
Hex’s compliance will likely boost institutional participation in BTCFi.
Moreover, the built-in calculator ensures transparency as clients can estimate returns and modify their staking strategies efficiently.
What does it mean for institutions?
Well, this collaboration brings something unique for institutional investors in the APAC and MENA regions.
They can now participate in the Bitcoin finance (BTCFi) ecosystem.
While most yield products require clients to surrender control of their assets, Hex and Core promise secure, compliant, and custody-intact services.
Hex Trust Chief Commercial Officer Calving Shen commented on the impact of joining forces with the Core Foundation:
Through our fully licensed infrastructure, we’re delivering secure, high-quality staking solutions for institutions and family offices across the APAC and MENA regions. Together with Core, we’re driving institutional adoption, innovation, and sustainable growth in the Bitcoin economy.
MENA and APAC institutions can leverage Hex’s infrastructure and Core’s staking model to turn their Bitcoin holdings into yield-generating assets.
Core’s TimeLock+ and TimeLock features enable individuals to earn returns while securing the CORE blockchain.
On the other hand, Hex Trust delivers regulated custody and staking offerings to institutions, service providers, and family offices across MENA and APAC.
The post Core Foundation and Hex Trust partner to unlock dual staking for BTC and CORE appeared first on Invezz
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