Anchorage Digital to Enable Institutional Bitcoin Staking on Stacks

Anchorage Digital is planning to offer institutional support for Bitcoin staking on Stacks, allowing investors to access yield products tied to Bitcoin without modifying its protocol.

The program would enable institutions to lock their BTC on Bitcoin's Layer 1 and STX on Stacks for a fixed period, earning weekly BTC rewards in the process. Participants would retain custody of their assets throughout this time.

This move is intended to expand institutional access to yield products tied to Bitcoin through Stacks-based infrastructure. By doing so, Anchorage Digital aims to provide institutions with a new way to engage with Bitcoin-related yield products without having to change the underlying protocol.