HashKey Cloud Teams with Stacks for Self-Custodial Bitcoin Staking
HashKey Cloud, the institutional staking arm of Hong Kong-listed HashKey Group, is joining Stacks as a launch partner for self-custodial Bitcoin Staking. The move puts one of the most established names in Asian digital finance behind Bitcoin Staking at launch.
As part of its participation, HashKey Cloud will participate in the first Stacks Genesis Bond and join the signer set that secures sBTC, a protocol that moves Bitcoin between the Bitcoin base layer and the Stacks network. This partnership is significant as it brings institutional staking capabilities to Bitcoin holders who want to earn yield on their BTC without giving up custody or moving it off the base layer.
HashKey Cloud has a track record of providing node validation services since 2018 across more than 40 networks and is the largest institutional staking provider in Asia by assets under management, with HKD 29 billion staked. HashKey Group, which provides digital asset services to 1 billion global users, ranks No. 1 in Asia as a digital asset manager by AUM, as an onshore digital asset exchange by trading volume, and as an on-chain services provider by assets under staking.