# Stacks (STX) Launches Bitcoin Staking with 21shares, HashKey Cloud, UTXO Management, and Others

- Link: https://www.thailand-business-news.com/pr-news/stacks-stx-launches-bitcoin-staking-with-21shares-hashkey-cloud-utxo-management-and-others
- Published: 2026-09-11T08:00:00+07:00
- Author: MarketersMEDIA Newswire

_21shares, HashKey Cloud, UTXO Management, and Sypher Capital become the first institutional
participants to bond Bitcoin on Stacks and earn BTC-denominated rewards while keeping
their BTC on Bitcoin L1_

NEW YORK, NY, September 11, 2026 — The Stacks ecosystem today announced that Bitcoin
Staking is live, with 21shares, HashKey Cloud, UTXO Management (Nakamoto Inc. subsidiary),
and Sypher Capital participating in the Genesis Bond, the first institutional bonding
period for Bitcoin Staking on Stacks. A total of ~250 BTC was bonded at launch, 
with the first weekly BTC rewards expected to be distributed on September 17.

![](https://storage.googleapis.com/mmstudio-images/gallery/250/1789092645847.png)

The initial bond is intentionally limited in size, allowing participating institutions
to use Bitcoin Staking in a live environment before capacity expands in future bonding
periods. The launch introduces a new way for institutions to earn BTC-denominated
rewards. Institutions can now keep their Bitcoin under their own keys on Bitcoin
L1, using STX as the staking capacity asset that unlocks a target 3% APY in BTC-
denominated yield. 

The launch participants span the institutional Bitcoin market. UTXO Management, 
a subsidiary of Nasdaq-listed Nakamoto Inc., is Bitcoin-native asset manager; 21shares
is one of the world’s leading issuers of crypto exchange-traded products; HashKey
Cloud (HKEX: 3887) operates regulated digital asset infrastructure and Asia’s largest
institutional staking provider by assets under management; and Sypher Capital allocates
institutional capital across the digital asset ecosystem. Each entered through its
own diligence, custody, and risk process, an early signal that Bitcoin Staking fits
the standards institutional committees apply to new yield sources.

UTXO Management, HashKey, and 21shares maintain custody of their BTC on Bitcoin 
L1 throughout the process. Sypher Capital participates through pooled liquid staking
on the Stacks network via StackingDAO, a protocol that manages the bonding process
by pairing BTC with STX on a participant’s behalf.

Bitcoin Staking rewards come from Stacks miners, who bid BTC through Proof of Transfer
to mine Stacks blocks. Proof of Transfer has operated since January 2021 and has
distributed more than 4,200 BTC, valued at more than $300 million, to network participants.

Genesis Bond participants earn rewards from that established BTC flow. Bonded BTC
is locked on Bitcoin L1 using Bitcoin script. There is no mechanism by which participants
can lose their BTC principal.

For participants using a liquid-staking provider, the provider manages the day-to-
day bonding process while the underlying bond retains the same no-slashing structure.

Enterprise infrastructure providers are also building support for the launch. Fireblocks,
the enterprise platform securing more than $5 trillion in digital asset transfers
annually, is expanding its integration with Stacks to give institutional clients
a path into Bitcoin Staking using the custody, compliance, and operational tooling
they already rely on.

**Muneeb Ali, Founder, Stacks**

“The Genesis Bond moves Bitcoin Staking into live institutional participation,” 
said Muneeb Ali, Founder, Stacks. “These initial participants demonstrate how institutions
can put Bitcoin to work while maintaining the custody and risk standards their organizations
require.”

**Alistair Byas-Perry, Head of Capital Markets & Trading, 21shares**

“Innovation and early adoption are a core part of 21shares’ DNA. As the Bitcoin 
ecosystem develops, institutional investors are increasingly looking for ways to
turn BTC into a productive asset,” said Alistair Byas-Perry, Head of and Capital
Markets & Trading at 21shares. “Participating in the Stacks Genesis Bond allows 
us to add another mechanism to generate native Bitcoin yield. This significantly
enhances our customised solutions capabilities, enabling us to offer sophisticated
BTC treasury management strategies for institutional allocators looking for productive
capital.”

**Dr. Xiao Feng, Chairman and CEO, HashKey Group**

“We’re excited to join the Stacks signer network and participate in Bitcoin Staking,
supporting the infrastructure that brings greater utility and institutional participation
to Bitcoin.”

**Tyler Evans, Co-Founder and Chief Investment Officer of UTXO Management and Chief
Investment Officer of Nakamoto Inc.**

“Bitcoin Staking on Stacks provides something that hasn’t existed before: a way 
to earn BTC-denominated yield while Bitcoin never leaves the base layer.”

**Steven Han, Managing Partner, Sypher Capital**

“Bitcoin Staking on Stacks eliminates the need to move BTC off the base layer. Our
position earns BTC-denominated rewards while remaining liquid and composable across
Bitcoin-native DeFi.”

**Omer Amsel, Head of Web3 at Fireblocks**

“Bitcoin DeFi represents an untapped opportunity in digital assets, but the infrastructure
required to make it accessible to institutions has only recently matured,” said 
Omer Amsel, Head of Web3 at Fireblocks. “Through our expanding integration with 
Stacks, we’re working to give Fireblocks clients a path to Bitcoin-denominated rewards
using the custody, compliance, and operational standards their businesses require.”

Capacity for each bonding period is limited. Institutions interested in participating
should begin registration, diligence, and custody preparation in advance. Future
bonding periods are expected to open on a monthly basis through the remainder of
2026, subject to final confirmation, with capacity expected to increase over time.

The Genesis Bond represents the first pillar of the Stacks roadmap. The PoX-5 hardfork
activated on July 30, 2026, at Bitcoin block 960,230, establishing the protocol 
foundation for Bitcoin Staking. The launch of the Genesis Bond marks the next step
in that roadmap.

Future phases focus on scaling the infrastructure supporting the network and expanding
the Bitcoin-native financial applications built on Stacks. The BTC bonded today 
establishes an initial liquidity base that can support the continued development
of Bitcoin-native finance.

Institutions interested in Bonding Period 2 can register at [stacks.co/institutional-bitcoin-staking](https://stacks.co/institutional-bitcoin-staking).

Individual BTC and STX holders can also participate in Bitcoin Staking through supported
staking pools, including StackingDAO. Additional information is available at [stacks.co/bitcoin-staking](https://stacks.co/bitcoin-staking).

**About Stacks**

Stacks is the leading Bitcoin L2, enabling smart contracts and decentralized applications
to use Bitcoin as a secure base layer. Stacks extends Bitcoin’s functionality without
modifying Bitcoin itself, unlocking BTC for decentralized finance and other onchain
applications. 

Learn more at [stacks.co](https://www.stacks.co/).

**About 21shares**

21shares is one of the world’s leading issuers of cryptocurrency exchange-traded
products, providing investors with innovative, simple and cost-efficient access 
to digital assets through traditional financial markets. 

Learn more at [21shares.com](http://21shares.com/). 

**About HashKey**

HashKey Group (HKEX: 3887) provides trustworthy digital asset services to 1 billion
global users, operating across trading, asset management, custody, infrastructure,
and Web3 technologies. HashKey Cloud, the Group’s institutional staking and yield
infrastructure arm, has provided node validation services since 2018 across more
than 40 networks and is the No. 1 staking provider in Asia by AUM. Visit [hashkey.com](http://hashkey.com/)
and [hashkey.cloud](https://www.hashkey.cloud/)

Learn more at [hashkey.com](https://www.hashkey.com/) and [hashkey.cloud](https://www.hashkey.cloud/).

**About UTXO Management**

UTXO Management is a Bitcoin-focused asset management firm led by co-founder and
Chief Investment Officer Tyler Evans. In February 2026, UTXO Management was acquired
by Bitcoin-focused holding company Nakamoto Inc. (NASDAQ: NAKA), led by CEO David
Bailey, a co-founder of UTXO Management.

Learn more at [utxo.management](https://www.utxo.management/). 

**About Sypher Capital**

Founded in 2019, Sypher Capital is an institutional digital asset manager serving
accredited investors, family offices, and registered investment advisors. The firm
manages Sypher Capital Partners, the Sypher Bitcoin Yield Fund, and BorrowOnBitcoin,
with strategies spanning public and private blockchain investments, Bitcoin yield,
and Bitcoin-backed lending. Sypher focuses on disciplined risk management, institutional
infrastructure, and unlocking the opportunities created by blockchain technology.

Learn more at [syphercapital.com](http://syphercapital.com/) and [borrowonbitcoin.com](http://borrowonbitcoin.com/).

**About Fireblocks**

Fireblocks is the world’s most trusted digital asset infrastructure company, empowering
organizations of all sizes to build, manage and grow their business on the blockchain.
With the industry’s most scalable and secure platform, Fireblocks streamlines stablecoin
payments, settlement, custody, tokenization and trading operations across the largest
ecosystem of banks, payment providers, stablecoin issuers, exchanges and custodians.
Thousands of organizations, including Worldpay, BNY Mellon, Galaxy and Revolut, 
trust Fireblocks to secure trillions in digital transactions across more than 150
blockchains. Learn more at fireblocks.com.

Learn more at [fireblocks.com](https://www.fireblocks.com/).

**Media Contact: **Shannon Voight, PR & Events, press@stackslabs.com

Release ID: 89203042

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**Source** : [Stacks (STX) Launches Bitcoin Staking with 21shares, HashKey Cloud, UTXO Management, and Others](https://news.marketersmedia.com/stacks-stx-launches-bitcoin-staking-with-21shares-hashkey-cloud-utxo-management-and-others/89203042?rand=206000)

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