Bitcoin (BTC) Stakeing Layer Core has joined forces with Singapore-based depot manager Cobo to expand his institutional reach to the Asia-Stop Sea (APAC) region.

Core, issuer of the floating token LSTBTC, will allow Cobo’s institutional clients to earn a return on BTC holdings while maintaining full control of their assets, according to an email message shared with Coindesk on Friday.

Numerous projects now offer BTC holders a means of earning dividends, which potentially locks unspoken liquidity in the decentralized funding (DEFI) industry. They also provide alternative sources of revenue to miners who can help offset falling Bitcoin bloxubsidies.

Core’s Poor Protocol has secured over 6,200 BTC ($ 548 million) with its blockchain secured by about 76% of Bitcoin’s Hashrate, according to Friday’s announcement.

“Our integration with COBO is greatly improving the core ecosystem by onboarding liquidity from institutional clients with high caliber,” said Brendon Sedo, the first contributor in Core.

Last month, Core collaborated with Maple Finance and Custodians Bitgo, Copper and Hex Trust in another move that promised to extend access to BTC efforts for institutions.