21Shares Joins Institutional Cohort for Bitcoin Staking on Stacks
21Shares, the digital asset manager behind the world's largest suite of cryptocurrency exchange-traded products, has announced its participation in the Stacks Genesis Bond. This bond is designed to demonstrate Bitcoin Staking end-to-end with institutional participants and infrastructure providers before it opens more broadly.
The firm will stake its own Bitcoin treasury holdings through the bond ahead of its September 10 launch. By committing its treasury, 21Shares will participate directly in Bitcoin Staking on Stacks, framing the bond as a working proof for how institutions can put idle Bitcoin to use while retaining control of the underlying asset.
The Genesis Bond lets holders earn rewards paid in Bitcoin while their Bitcoin remains on the Bitcoin blockchain. In this structure, participating Bitcoin is locked for a fixed term with an early exit option, and the full amount is returned when the term ends.