Babylon (@babylonlabs_io): We’re excited to share that Babylon Labs is partnering with @ginco_inc, one of Japan’s leading institutional wallet providers, to bring BTCFi 2.0 to J…
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We’re excited to share that Babylon Labs is partnering with @ginco_inc, one of Japan’s leading institutional wallet providers, to bring BTCFi 2.0 to Japan. The goal is simple but ambitious: Turn Japan’s idle BTC into an asset that can safely generate rewards, all while remaining in self-custody. Through this collaboration: → Ginco Enterprise Wallet will integrate Babylon’s Trustless BTC Vault technology, enabling institutions to stake and utilize BTC directly from cold storage → Ginco will operate as a Finality Provider and Validator in the Babylon ecosystem → BTC and BABY co-staking support will be added, unlocking higher rewards for enterprises managing large BTC treasuries → Future trustless BTCFi use cases, including lending, will be explored together Japan has one of the largest concentrations of long-term BTC holders in the world. BTCFi 2.0 makes it possible for those holdings to become productive, without ever handing custody to a third party. A major step forward for institutional Bitcoin in Asia, and a milestone for trustless BTC finance globally! More to come!