According to BlockBeats, on October 9, digital asset custody and wallet technology provider Cobo announced the successful staking of over 4160 BTC through its Babylon-based BTC Staking API during the Babylon Cap-2 deposit event.

The Cobo BTC Staking API covers the entire staking process, supporting UTXO splitting, pre-signing of staking transactions, and batch broadcasting. This comprehensive approach ensures a seamless and efficient staking experience for users.

Additionally, Cobo's all-in-one custody and wallet technology platform, Cobo Portal, will soon launch a native BTC staking app. This new feature will allow institutional users to participate in Babylon BTC staking independently through the Cobo MPC wallet.