[COINDESK] Core’s IstBTC Token Enables Institutions to Earn Yield on Bitcoin Without Changing Custody; Maple to Launch Liquid Staking Token for DeFi Collateral
Core’s IstBTC token lets institutional participants earn yield on bitcoin holdings without disrupting existing custody arrangements at BitGo, Copper and Hex Trust. Maple will issue a liquid staking token in the coming weeks, which will allow staked BTC to be used as collateral in…
The mainnet chain upgrade is just the start. Now, it’s time to tokenize the world together 🌎

Lombard Finance has launched the Lombard Security Consortium, a decentralized consensus mechanism aimed at enhancing Bitcoin's security and liquidity. The consortium includes 14 leading digital asset institutions, including Wintermute, Amber Group, and Nansen. This initiative is designed to establish new standards in security and transparency within the Bitcoin finance sector. Separately, Core Foundation, in partnership with Maple Finance and custody firms BitGo, Copper, and Hex Trust, has introduced a new yield-bearing bitcoin token, IstBTC. This token allows institutional participants to earn yield on their bitcoin holdings without changing their existing custody arrangements. Maple Finance plans to issue a liquid staking token, lstBTC, which will enable staked BTC to be used as collateral in DeFi applications, potentially increasing liquidity in the ecosystem.