21shares Joins Stacks Genesis Bond for Institutional Bitcoin Staking
21shares, one of the world's leading digital asset managers, has announced its participation in Stacks' Genesis Bond. This move marks a significant step towards institutional Bitcoin staking on the Stacks network. The Genesis Bond is an inaugural program designed to demonstrate end-to-end Bitcoin staking with institutional participants and infrastructure providers.
Through this partnership, 21shares will participate in Bitcoin staking to earn native Bitcoin yield on its Bitcoin treasury holdings. This development brings together 21shares' expertise in building regulated crypto investment products with Stacks' Bitcoin-native infrastructure. The Genesis Bond allows BTC holders to earn yield paid in BTC while their coins remain on the Bitcoin blockchain.
'Innovation and early adoption are a core part of 21shares' DNA,' said Alistair Byas-Perry, Head of EU Investments and Capital Markets at 21shares. 'Participating in the Stacks Genesis Bond allows us to add another mechanism to generate native Bitcoin yield.'
The Genesis Bond is set to launch on September 10, with the first Bitcoin staking bonding period expected to begin in October.