HashKey Cloud Joins Forces with Stacks on Self-Custodial Bitcoin Staking
HashKey Cloud has joined Stacks as a launch partner for self-custodial Bitcoin staking. The partnership, announced on September 7, sees HashKey Cloud participate in the inaugural Genesis Bond and join the signer network securing sBTC.
The Genesis Bond is a new Protocol Bond system designed to allow institutional participants to earn BTC-denominated rewards without transferring their Bitcoin to a centralized custodian. This means that participants can keep their Bitcoin under their own control, while still earning interest through staking.
HashKey Cloud will operate as both a signer for sBTC and participate in the Genesis Bond, which is scheduled to launch around September 10. The company's infrastructure spans over 40 different blockchain networks globally today, and it manages about HK$29 billion in staked assets.
The partnership between HashKey Cloud and Stacks aims to improve institutional access to Bitcoin staking and distribute operating responsibility across additional companies and regions.