Projects that generate additional revenue by staking BTC are gaining attention. This is because as BTC acquisition strategies spread among global institutions, the demand to further utilize large amounts of held BTC is growing.
Brendan Sedo, CEO of Core Ventures, said at the 'From Held Assets to Utilized Assets, Bitcoin's Turning Point' discussion session at Bitcoin Seoul 2025 in Signiel Seoul on the 6th, "At this point where BTC market capitalization exceeds $2 trillion, whether institutional or individual, people want to do something with this asset," and shared that Core is responding to this demand. Core Ventures supports funds for Core blockchain ecosystem contributors.
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Core is a Bitcoin-based expansion chain. Holders can stake their BTC using a 'Time Lock' method. As a reward, they can receive Core tokens (CORE). A key feature is that BTC can be staked without moving it to another blockchain or entrusting it to custody. Investors set a time lock for a specified period in their personal wallet and designate a validator. Domestic validator companies like Node Infra execute this and provide rewards. Currently, about 7,000 BTC are staked in the Core project.
As of CoinMarketCap, CORE's market capitalization is $613 million, ranking 100th. CORE's total issuance is 2.1 billion, gradually issued over approximately 80 years. Sedo CEO said, "CORE token is structurally sustainable as it is based on blockchain rewards."
Recently, the Core project also partnered with domestic custody company Coda. Institutional investors can stake BTC entrusted to Coda through Core and generate additional revenue through CORE tokens. This is a strategy to actively utilize BTC beyond simply storing it.
Sedo CEO pointed out that they built a separate blockchain as a difference from similar projects like Babylon. He said, "Total Value Locked (TVL) has already exceeded $500 million, and over 250 dApps are built on the Core blockchain," and reported acquiring millions of users. As demand for the Core blockchain increases, fee revenue can also increase, which can be connected to staking rewards.
Woo Deok-su, Asia Representative of BlockDemon, also said in the 'Institutional Demand for Bitcoin Staking' session that "the Bitcoin staking market size will grow conservatively from $61 billion to an optimistic $600 billion." BlockDemon provides blockchain infrastructure to over 450 institutions worldwide.
- Reporter Do Ye-ri
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