Bitcoin Staking Protocol Solv, which has over $ 2 billion value of BTC locked on its platform, announced on Tuesday the launch of a Shariah-compatible yield product called SolvBtc.core.

The new offering, a Liquid Stakeing token for BTC, has been developed in collaboration with the central ecosystem, which offers a number of DEFI applications including lending, rest, floating stacking and decentralized exchange.

Created with Guide from Nawa Finance and accredited by Amanie Advisors for Shariah Compliance, SolvBtc.core benefits by securing the core-blockchain network and participating in on-chain defi activities while complying with Islamic funding principles.

SOLV protocol allows BTC holders to borrow, stick, earn yields and invest, lock the full potential in their coin stash. The launch of Shariah-compatible Solvbtc.core means that BTC holders from the Middle East can now directly participate in core blockchain’s expanding ecosystem to generate additional benefits on top of their spot possession.

Ryan Chow, founder of Solv Protocol, said that Sharia-compatible product could open new ways to institutional investors in the Middle East.

“By adapting to both regional rules and global economic standards, Solvbtc.core paves the way for sovereign wealth funds and traditional financial institutions to safely and with confidence to stab Bitcoin and earn, on chain yields. This is a significant step that accelerates the institutional adoption of digital assets in the region, Coindesk.

Shaqir Hashim, nuclear contributor at Nawa Finance, said that BTC is the most widespread active in markets such as Saudi Arabia, UAE, Pakistan, Nigeria, Indonesia and Malaysia, and the next thing that holders are looking for, generating an extra benefit.

“The next chapter is dividend. At Nawa Finance, we help power this development by enabling ethical, values-adapted Bitcoin outcomes that meet compliance expectations from both institutions and communities in these regions,” Hashim said.