rootstocklabs Unveils Rootstock institutional to Unlock Bitcoin’s DeFi Potential
Over 2.6 million Bitcoin held by institutions is currently idle. But this may soon change. On October 14, rootstocklabs launched Rootstock Institutional. This new initiative aims to help institutions deploy their Bitcoin in DeFi, perhaps earning returns.
Rootstock Institutional seeks to activate $260 billion in institutional Bitcoin. The goal is to tap into DeFi opportunities. Richard Green, Managing Director, explains, “Institutions are looking for ways to make their Bitcoin holdings more productive.”
Rootstock Institutional will explore how institutions can use Bitcoin for lending, borrowing, adn other yield strategies. This move could transform how large organizations manage their BTC.
Currently, 99% of institutional Bitcoin generates negative returns due to custody fees. Rootstock, a Bitcoin layer-2 solution, making it a promising avenue for growth.
rootstock Institutional aims to bridge this gap. By leveraging Rootstock’s DeFi layer, institutions can unlock new financial opportunities. This could significantly boost the value of their Bitcoin holdings.
Richard green notes, “We’re witnessing a shift as Bitcoin evolves from a store of value to a productive asset. Family offices, web3 funds, and exchanges are already engaging wiht us to explore these possibilities.”
