HashKey Cloud and Stacks Launch Self-Custodial Bitcoin Staking Partnership

HashKey Cloud has partnered with Stacks to offer self-custodial Bitcoin staking through its Genesis Bond system. This partnership marks a significant milestone for Stacks, which aims to provide an annualized yield of near 3% for participants in the initial phase.

The Genesis Bond allows users to lock their BTC and STX (Stacks' native token) simultaneously, enabling self-custodial Bitcoin staking without transferring the underlying assets. This system is designed to be more secure and transparent than traditional staking methods.

HashKey Cloud will serve as a signer for sBTC, which represents BTC on the Stacks blockchain in a one-to-one manner. The company's inclusion in the signer set enhances access for institutions while spreading operational responsibilities across different regions.