BitGo has added Stacks Bitcoin staking to its qualified custody services. According to ChainCatcher, eligible institutions must allocate STX worth 5% of their Bitcoin holdings and pair it with BTC to participate. The staking arrangement takes the form of a bond with a term of about six months, with funds supplied by Stacks miners. Stacks is a smart contract network built on Bitcoin, and the new feature allows institutional clients to stake within BitGo’s qualified custody framework.
