The new initiative aims to enable institutional participation in Bitcoin-backed lending, stablecoin issuance and yield-generating strategies.
RootstockLabs, a blockchain development company, has created Rootstock Institutional, a cross-functional initiative for expanding access to Bitcoin-native decentralised finance (DeFi). According to the company, the new initiative will enable institutional participation in Bitcoin-backed lending, stablecoin issuance and yield-generating strategies, with the launch to be done in two phases. The first phase, available immediately, will integrate existing Rootstock DeFi partners such as LayerBank,