According to Foresight News, Solv Protocol, in collaboration with Core, has launched the first Sharia-compliant on-chain Bitcoin-earning asset, SolvBTC.Core, in the Middle East region. This enables Middle Eastern sovereign wealth funds and traditional financial institutions to participate in on-chain Bitcoin staking and yield markets through compliant channels. In the future, Solv will continue to collaborate with global financial institutions to promote broader compliance asset tokenization.
Solv and Core launch a Sharia-compliant on-chain Bitcoin interest-bearing asset, backed by a Middle Eastern sovereign fund
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