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Rootstock launched "Rootstock Institutional Edition" aimed at bringing $260 billion of institutional Bitcoin holdings into the DeFi space.
Golden Finance reported that as one of the core developers of the first layer two network for Bitcoin, Rootstock Labs announced the launch of “Rootstock Institutional” aimed at bringing $260 billion of institutional Bitcoin holdings into the Decentralized Finance (DeFi) space. The new team will focus on helping institutions explore the yield potential of Bitcoin in the DeFi space. Specifically, institutions can leverage Bitcoin for lending, borrowing, and other on-chain yield strategies through Rootstock (a Bitcoin-based DeFi layer), thereby allowing Bitcoin assets to generate returns.