HashKey Cloud Joins Stacks' Self-Custodial Bitcoin Staking Launch
HashKey Cloud has joined Stacks as a launch partner for self-custodial Bitcoin staking, participating in the inaugural Genesis Bond. The institutional Genesis Bond is scheduled to launch around September 10, according to Stacks developers.
As part of this collaboration, HashKey Cloud will join the first institutional cohort using Stacks' new Protocol Bond system. The company says its staking infrastructure spans more than 40 different blockchain networks globally today.
The Genesis Bond allows institutions to earn BTC-denominated rewards without transferring their Bitcoin to a centralized custodian. Participants timelock their Bitcoin on Bitcoin's base layer and lock a corresponding amount of STX on Stacks, which remains under the holder's keys.