Institutions want yield, leverage on Bitcoin, says Core Foundation contributor

In a recent interview with WuBlockchain, Rich Rines, an early contributor to the Core Foundation, identified yield on Bitcoin and leverage using the asset as collateral as the top demands from institutional investors in the Bitcoin ecosystem. The Core Foundation is focused on building a decentralized finance ecosystem based on Bitcoin (BTCFi). Rines noted that while other use cases like Bitcoin payments and privacy-focused transactions exist, they have not yet reached mainstream adoption and require more time to deliver tangible results. He added that Core is concentrating on building infrastructure to utilize large-scale Bitcoin capital, specifically through protocols for Bitcoin-collateralized yield and asset management. The foundation aims to create a neutral yield infrastructure that serves both institutional and retail clients, fostering the expansion of various BTCFi protocols on the Core ecosystem.