Bitcoin isn’t just digital gold. It’s becoming working capital: collateral for loans, liquidity in Lightning, and a new frontier for financial services. But where the "yield" actually comes from needs to be understood in order to properly assess the risk of lending Bitcoin. This panel from CTS25, featuring @Shawn, @Max Kei, @myles_snider, and @Jestopher some of those strategies and how to proceed with caution. Read our Custody in 2025 White Paper: