Stacks Unveils Institutional Bitcoin Bond with Staking Program
Stacks has launched its first institutional Bitcoin bond with staking program, offering institutions a way to earn yield on their BTC holdings without handing over custody. The Genesis Bond went live on September 10, aligned with Bitcoin block 966,350, and four institutional participants collectively locked approximately 250 BTC into the program.
The participants, 21Shares, HashKey Cloud, UTXO Management, and Sypher Capital, are staking Bitcoin through a six-month bonding period that targets roughly 3% APY, paid out weekly in BTC. This yield doesn't come from lending or rehypothecation but from Stacks miners through the network's Proof-of-Transfer mechanism.
At the end of the six-month term, participants recover full custody of their locked Bitcoin without needing to use bridges, wrapped tokens, or third-party custodians. Sypher Capital participated through a slightly different route using StackingDAO's pooled staking infrastructure.