BitGo supports institutional BTC staking... also locks up STX worth 5% of BTC value
Original headline비트고, 기관 BTC 스테이킹 지원…BTC 가치 5% STX도 묶는다
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BitGo has added Stacks-based Bitcoin staking to its custody services for eligible institutional clients, allowing them to participate directly from existing custodial accounts without moving BTC to another custodian or opening new accounts. The offering builds on BitGo's existing Stacks stacking structure, with BTC remaining on the Bitcoin network under BitGo's qualified custody rather than being moved or wrapped to another chain, and participants earning BTC-denominated rewards. The move matters because it lets institutions put idle Bitcoin to work while keeping it in qualified custody, potentially deepening institutional demand for Bitcoin-layer yield. Watch for uptake among BitGo's institutional clients and any resulting flows into Stacks (STX) and related BTCfi infrastructure.
Muhabbit's AI wrote this summary from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
BitGo, Stacks Labs, Bitcoin, Stacks, BTGO