Bitgo launches institutional staking support for Bittensor (TAO)... Partners with UMA Group
Summary
- Bitgo has announced it will support an institutional-only Bittensor (TAO) staking service.
- This service is provided through a partnership with UMA Group.
- Bittensor is an AI and blockchain integrated network, and its TAO staking solution is gaining interest among institutional investors.
The virtual asset (cryptocurrency) custody company Bitgo announced on the 5th (local time) via its official X (formerly Twitter) that it will support an institutional-only staking service for Bittensor's (TAO) native token, TAO.
Bitgo explained, "This service is provided through a partnership with UMA Group, the AI-focused subsidiary of Digital Currency Group (DCG)."
Previously, DCG officially launched UMA Group with the goal of integrating AI and blockchain, and announced plans to actively support the development of the Bittensor network. This partnership is seen as a move to provide institutional investors with a safer and more efficient TAO staking solution.
Bittensor is a network that combines AI model training with a blockchain incentive structure, and it has recently attracted considerable attention among AI-related virtual asset projects.
JH Kim
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