Core Foundation Adds BitGo and KODA as Validators with $500M Staked
Core Foundation has announced the addition of BitGo and KODA as validators for its network, enhancing institutional adoption of Bitcoin-native DeFi.
- BitGo is a U.S.-qualified custodian known for regulatory credibility and security.
- KODA, an institutional custodian in South Korea, aims to expand Core's presence in Asia.
- Over 20% of South Korea's population owns crypto, likely boosting staking and yields for Core.
- Core blockchain combines Proof of Work and Proof of Stake, with over $500 million in BTC staked.
- Core supports products like lstBTC and Valour’s Yield-Bearing BTC ETP for regulated Bitcoin yield exposure.
- The project targets limited programmability and native yield issues on the Bitcoin blockchain.