The omnichain liquidity infrastructure protocol, StakeStone, has partnered with Matrixport, an all-in-one cryptocurrency financial services firm. As per the official tweet of StakeStone, the main purpose of partnering with Matrixport is to bring $SBTC to the big financial sector. This collaboration is unique of its kind as it is boosting mass adoption of, bringing $SBTC to the big leagues of the financial market at the global level.
$SBTC Goes Institutional with Matrixport
StakeStone has clearly mentioned in the tweet that with this partnership, they want to bring $SBTC to the major leagues, as Matrixport is considered one of the most reputable firms in the sector of institutional cryptocurrency finance. BTCFi innovations and omnichain infrastructure, combined with Matrixport’s structured yield capabilities and institutional network, aim to elevate $SBTC. This collaboration seeks to expand $SBTC beyond just being a liquid wrapper, unlocking broader use cases and institutional adoption.
According to the tweet, StakeStone will collaborate with Matrixport to support $SBTC’s omnichain distribution. It will also make it possible for institutional investors to have seamless access to both Bitcoin and Decentralized Finance. This will also power BTCFi for the yield sector as well as for liquidity.
Matrixport and StakeStone Unlock Liquid $BTC
The partnership of Matrixport and StakeStone will help $SBTC become yield-generating, liquid, and capital efficient. Both of these firms will collaborate with each other to develop a new primitive where $STONEBTC will work as the destination while on the other hand, $SBTC will serve as the vehicle of the primitive. As per this primitive, while working across chains, $BTC will earn even though it stays liquid.
As a decentralized infrastructure protocol, StakeStone provides three different types of liquid assets to users which are STONE ETH, SBTC, and STONEBTC. This protocol basically offers liquid versions of Bitcoin ($BTC) and Ethereum ($ETH). Moreover, apart from this partnership, StakeStone is working on expanding STONE assets’ usage by creating different use cases.
