Blockdaemon integrates with the Stacks network to provide institutions with Bitcoin rewards

Blockdaemon announces integration with the Stacks network to provide Bitcoin rewards for institutions, while also becoming a new signer.

Stacking is the process of locking STX tokens to participate in securing the Stacks network and generating Bitcoin rewards as a return. Blockdaemon now offers enterprise-level Stacking for institutional clients.

With the launch of Nakamoto upgrades and sBTC, Stacks will improve transaction speed and introduce transactions supported by 100% Bitcoin finality, making Bitcoin a programmable asset and opening up new possibilities for digital and financial use cases.