Ginco Partners with Babylon Labs to Launch Next-Gen BTC Financial Framework in Japan

Ginco Collaborates with Babylon Labs for BTCFi 2.0 in Japan

In a significant move for the cryptocurrency market in Japan, Ginco Co., Ltd. has partnered with Babylon Labs to promote a next-generation Bitcoin financial framework dubbed "BTCFi 2.0." This collaboration aims to leverage idle Bitcoin assets within the country, converting them into productive financial resources and maximizing capital efficiency for various entities, including institutional investors and corporate treasury operations.

The Objective of the Partnership

As the Bitcoin market matures with the entry of institutional investors and treasury companies, there is a pressing need to generate income from idle Bitcoins. Addressing this need is crucial, especially considering the substantial amounts of Bitcoin that remain unutilized. By combining Ginco's digital asset management wallet—Ginco Enterprise Wallet (GEW)—with Babylon Labs' self-custody technology, this partnership aims to facilitate asset utilization while ensuring that Bitcoin holders maintain control over their assets.

Babylon Labs is known for developing the "Trustless BTC Vault Protocol," which enables decentralized finance (DeFi) on a level comparable to institutional finance without the need to entrust assets to third parties. This technology allows Bitcoin holders to effectively manage their assets in a self-custodied manner while participating in financial services—such as staking and lending—on the blockchain.

Implementation of BTCFi 2.0

As part of this strategic initiative, Ginco will participate as a node operator for Babylon's Finality Provider (FP), contributing to the security of the Bitcoin Secured Network. This PoS (Proof of Stake) network harnesses the robust security measures intrinsic to Bitcoin, supporting the decentralization and reliability of financial transactions.

Moreover, enhancements to Ginco’s GEW will enable seamless staking of Bitcoin directly from the wallet. This means that businesses and organizations utilizing GEW will be able to stake their Bitcoin securely, without relying on any specific third-party services. This technological advancement promises to uphold security while significantly expanding potential exposure for Bitcoin-holding companies.

In addition to these initiatives, Ginco plans to implement a co-staking feature for BABY tokens alongside Bitcoin. This mechanism is designed to provide users with greater rewards than staking Bitcoin alone. Furthermore, various Trustless BTCFi use cases are anticipated to yield higher returns than traditional staking, propelling Ginco to explore new interfaces and services that support businesses in efficient and secure crypto management.

Through this collaboration, Ginco and Babylon Labs endeavor to present tailored services to institutional investors, cryptocurrency exchanges, and treasury companies in Japan, all under the shared goal of empowering self-custody Bitcoin asset management.

Background on Ginco

Founded in December 2017, Ginco is a technology company headquartered in Chuo-ku, Tokyo, Japan. Its mission is to transform the economy by comprehensively assisting businesses in harnessing blockchain technology and cryptocurrencies. Ginco has built a reputation for providing enterprise-level infrastructures tailored to financial service providers managing cryptocurrencies, including wallets, nodes, and indexers. With a commitment to security, efficiency, and cost-effectiveness, Ginco continues to be a leader in the Japanese blockchain landscape.

For more information, visit Ginco's Corporate Site or the Product Site.