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BTC 21Shares joins Stacks Genesis Bond to promote the institutionalization of Bitcoin pledges
As the digital asset management company behind the world's largest cryptocurrency exchange trading products, 21Shares officially joins Stacks Genesis Bond. This is the first group of institutional investors to pledge Bitcoin on the Stacks network. The company announced on September 3 that it would pledge its Bitcoin inventory through the bond before the product was launched on September 10.
Institutional Level Testing of Bitcoin Pledges
Genesis Bond aims to demonstrate the end-to-end Bitcoin Pledge process by working with institutional investors and infrastructure providers before the mechanism opens up to a wider range of areas. 21Shares manages more than 60 crypto exchange-traded products (ETP) worldwide, with assets under management exceeding US$6.5 billion. Its participation connects Bitcoin's native earnings with traditional investment ecosystems.
By committing its treasury funds, the regulatory agency is not just a bystander, but directly involved in Bitcoin pledges on Stacks. The move shows that the bond is a workable proof of how institutions can leverage idle bitcoins while retaining control of underlying assets.
How Genesis Bond works
Bitcoin pledges allow holders to receive rewards for payments in Bitcoin while Bitcoin remains on the Bitcoin blockchain. In this bond structure, participating bitcoins will be locked for a fixed term with an early exit option; when the term ends, the full principal will be returned. Holders can earn rewards without having to transfer Bitcoin to other networks or hand it over to a third party.
The lock-up period for the first Stacks Genesis Bond is expected to begin in October, following the release of the bond itself on September 10. Previously, the project was mainly presented to institutional and professional investors rather than as a widely available product. Its mechanism will be tested in a controlled environment in preparation for wider roll-out.
Productive bitcoin is gaining institutional attention
Interest in productive bitcoin within the Staks ecosystem is growing as liquidity pledge providers such as Stacking DAO prepare stBTC for upcoming releases. 21Shares 'participation adds a large, regulated asset management force to this agency's push.
The company did not disclose the size of the bitcoin it would commit to pledge or the expected rate of return. As the launch approaches, these details and the complete list of founding groups are still to be confirmed.
