Maple Finance, BitGo, Copper, and Hex Trust launch lstBTC on CORE, unlocking institutional BTC yields

Core Foundation collaborates with Maple Finance, BitGo, Copper, and Hex Trust to announce the launch of lstBTC. lstBTC will become a new type of on-chain Liquidity, income-generating BTCToken by Core Block, designed specifically for institutions to enable idle BTC to generate income. By transforming BTC into productive assets, lstBTC provides a way for holders to convert billions of dollars into income while maintaining security, compliance, and Liquidity. lstBTC aims to improve capital efficiency while maintaining security, compliance, and Liquidity, allowing institutions to generate sustainable income from idle BTC holdings without changing existing custody arrangements.

Unlock BTC collateral with yield

lstBTC will change the trade-offs faced by institutional BTCholder: to use BTC as a secure store of value, or sacrifice security or Liquidity for returns. lstBTC allows institutions to earn BTC payments without moving BTC out of trusted custodians.

Currently, over $500 billion worth of BTC is in custody generating fees, lstBTC unlocks significant potential savings. It enables institutions to sustainably earn yield on their BTC holdings while maintaining principal security, Liquidity, and capital efficiency. Leveraging its expertise in institutional credit markets and risk management, Maple Finance is responsible for crafting yield generation strategies that comply with regulatory and risk standards, simplifying yield generation for lstBTC holders without the need to move BTC out of custody. By integrating lstBTC into its broader institutional infrastructure, Maple Finance helps institutions maximize capital efficiency without compromising security.

Maple Finance's CEO and co-founder Sidney Powell said: "The lack of BTC yield options has always been a clear gap in the market. Maple is honored to collaborate with CORE to launch lstBTC, allowing institutions to generate yield from their BTC without compromising on the security of trusted custodial institutions."

How lstBTC operates

Institutions can mint lstBTC by depositing BTC into trusted custody providers such as BitGo, Copper, or Hex Trust.

• lstBTC generates revenue while maintaining full Liquidity - institutions can trade, transfer, or use lstBTC as collateral.
• When redeemed, the holder will receive their original Bitcoin as well as the profits calculated proportionally, directly deposited into their custody account.

lstBTC utilizes the double pledge mechanism of Core Block chain to enable BTC to earn CORE rewards while protecting network security. As a trusted investment manager, Maple Finance adopts clear strategies and institutional-level risk management to transparently optimize returns, while the custodian ensures compliance and asset security.

This method ensures capital efficiency, security, and scalability, providing institutions with a seamless way to generate profits from their BTC holdings without disrupting existing workflows.

The uniqueness of lstBTC

Unlike other Bitcoin yield solutions, lstBTC is designed for institutions, with no need for asset transfer or unnecessary risks.

• No need to change custody arrangements—institutions can continue to keep BTC in their existing custody providers.
• Real BTC earnings-earn BTC-denominated earnings through Core's dual pledge mechanism without having to transfer BTC out of the custodian.
• Fully liquid and scalable - lstBTC can be traded, transferred, or used as collateral, while the underlying BTC continues to generate yield.
• Specially designed for institutional use cases - seamlessly integrated into existing and new investment portfolio strategies to enhance returns.

Institutional contributor Hong Sun of Core DAO said, "This collaboration is a breakthrough for institutional BTCholders. lstBTC finally allows institutions to earn yield on their BTC while keeping their existing custody and security frameworks. By combining Core Blockchain's dual pledge mechanism, Maple Finance's risk management strategies, and trusted custody infrastructure from BitGo, Copper, and Hex Trust, lstBTC sets a new standard for institutional BTC solutions."

redefines institutional investors' BTC

lstBTC enables institutional clients - including portfolio managers, ETP issuers, qualified investors, and market makers - to maximize the productivity of Bitcoin without sacrificing security or operational efficiency. With the support of the most trusted brands in asset management, digital asset custody, Liquidity, and risk management, lstBTC sets a new standard for institutional Bitcoin returns.

To learn more about lstBTC and how it helps institutional BTCholder generate income safely, please visit lstbtc.coredao.org or contact inquire@coredao.org.

About CORE

Core is the first Proof of Stake (PoS) layer for BTC, and also the largest BTC DeFi ecosystem, combining BTC's unparalleled security with the scalability of the Satoshi Plus consensus. Core's dual staking mechanism allows BTC holders to earn secure and sustainable returns by staking both BTC and CORE simultaneously, while retaining full control of their assets.

Currently, over 5500 BTC and 165 million CORE are staked on Core Blockon-chain, enhancing the utility and security of Bitcoin. Core is the most compatible EVM blockchain with BTC, with about 80% of BTC mining power contributing to the network's security. This breakthrough has attracted millions of Core adopters—since the mainnet launch in January 2023, there have been over 40 million unique addresses, 350 million transactions, and a total locked value (TVL) of over 8.5 billion USD.

For more information, please visit coredao.org.

About Maple Finance

Maple Finance was launched in 2021 as an institutional lending platform for DeFi, providing 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 core of this ecosystem is the SYRUP Token, scheduled for launch in 2024, which empowers the Maple community through staking, governance, and protocol participation. Maple is actively driving the development of the next generation institutional credit market in DeFi.

For more information, please visit

About BitGo

BitGo is a leading infrastructure provider for digital asset solutions, offering custody, wallets, staking, trading, financing, and settlement services conducted from regulated cold storage. Since its establishment in 2013, we have been focused on helping customers securely enter the digital asset space. Through multiple regulated entities, BitGo has a wide business presence globally, serving thousands of institutions, including many top industry brands, exchanges, platforms, and millions of retail investors worldwide. As a backbone of the digital economy, BitGo processes a significant portion of BTC network transactions and is the world's largest independent digital asset custody and staking service provider.

For more information, please visit

About Copper

Since its establishment in 2018, Copper has been committed to building the standard for institutional digital asset infrastructure, focusing on custody and collateral management. With its award-winning technology, Copper has built a comprehensive and secure suite of products and services for the safe custody and trading of digital assets. At the core of Copper's infrastructure is ClearLoop, which enables clients to manage collateral and settle trades across multiple exchanges, while reducing counterparty risk and improving capital efficiency.

For more information, please visit

About Hex Trust

Hex Trust was established in 2018 to provide regulated institutional digital asset custody, staking, and market 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, please visit