GOAT Network recently announced a partnership with Latin America–based fintech platform DitoBanx to launch a Bitcoin yield pilot in Mexico, enabling more than 100,000 users to earn BTC-denominated yield while maintaining full self-custody of their bitcoin.

The pilot introduces a white-labeled version of GOAT Network’s Safebox product within DitoBanx’s regulated mobile application. The offering combines fiat onboarding and compliance with a non-custodial yield structure, allowing users to participate in Bitcoin yield without placing their assets into institutional custody or lending programs.

A Structurally Different Approach to Bitcoin Yield

Bitcoin yield products have historically relied on custodial models, where user assets are held on exchange balance sheets or deployed through lending and borrowing programs to generate returns. While these approaches simplify access, they also introduce counterparty and credit risk—factors that have contributed to repeated failures in Bitcoin yield offerings over time.

The Safebox pilot is designed with a different structural premise.

All deposits are principal-protected, and all yield is paid in bitcoin, backed by decentralized sequencer rewards on GOAT Network. Rather than relying on lending, rehypothecation, or institutional balance-sheet exposure, the model separates regulated access from the yield mechanism itself.

This structure allows users to earn bitcoin yield without selling, wrapping, or relinquishing ownership of their bitcoin.

Bridging Regulated Access and Self-Custody

The collaboration reflects a broader evolution in how Bitcoin financial products may reach mainstream users.

DitoBanx provides the regulated access layer, including KYC, fiat on-ramps, and a familiar mobile user experience. At the same time, the yield structure is designed to avoid embedding user assets within custodial ledgers or credit-based programs. This separation enables users to engage with Bitcoin yield through a compliant fintech platform while retaining control over their assets.

“Partnering with DitoBanx to power BTC yield through Safebox marks a major step toward inclusive, next-gen finance,” said Kevin Liu, core contributor to GOAT Network. “Together, we’re bringing Bitcoin-based yield to everyday users in Mexico—delivering real financial freedom, innovation, and long-term sustainability to emerging markets.”

The pilot offers a 1.5% APY, prorated over a three-month term. At the end of the pilot period, users will be able to access both their original bitcoin and the earned yield.

Expanding Access Across Latin America

For DitoBanx, the pilot represents a meaningful step in expanding practical Bitcoin-based financial services across the region.

“This pilot with GOAT Network represents a turning point for our customers in Mexico,” said Guillermo Contreras, CEO of DitoBanx LATAM. “For the first time, users can hold Bitcoin in a fully non-custodial account—keeping full control of their private keys—while still earning dividends, without selling, wrapping, or relinquishing ownership of their Bitcoin. This is exactly the kind of financial innovation we believe in: empowering people to grow their wealth without compromising sovereignty, transparency, or security. For DitoBanx, this project reinforces our commitment to building real, user-centric financial infrastructure on Bitcoin, not just products on top of it.”

DitoBanx currently operates in seven countries, including Mexico, the United States, Panama, and El Salvador. Following the Mexico pilot, both companies plan to explore expansion into additional markets where DitoBanx operates.

A Potential Path Forward for Bitcoin Savings Products

While still early, the pilot highlights a potential direction for Bitcoin savings products. Fully custodial models often satisfy distribution and compliance requirements but reintroduce credit and counterparty risks. Purely non-custodial systems, while minimizing these risks, remain inaccessible for many users who depend on regulated platforms for onboarding and payments.

Hybrid structures—where regulated institutions manage access and distribution while yield mechanisms remain aligned with Bitcoin’s trust-minimized architecture—may offer a practical middle path. If scalable, this approach could provide a template for integrating Bitcoin yield into mainstream financial products without recreating the structural risks of past models.