Anchorage Digital, the only federally chartered crypto bank in the U.S., has rolled out custody and staking services for Starknet's native token, STRK. This makes Anchorage the first qualified custodian to offer institutional-grade staking for the Layer 2 network, a significant milestone for Starknet's ecosystem adoption.
The new service, announced on September 3, allows institutions to securely stake STRK through Anchorage Digital Bank in the U.S., Anchorage Digital Singapore, or the platform's self-custody Porto wallet. Participants can earn yield with an estimated 7.28% APR while contributing to network security.
Anchorage CEO Nathan McCauley stated the goal is to 'give institutions safe and seamless access to growing crypto ecosystems.' StarkWare co-founder Eli Ben-Sasson highlighted growing demand for robust, secure staking options from developers and financial institutions.
The launch follows recent Starknet milestones, including community approval of SNIP-31 in August, which added Bitcoin staking to the network and enabled wrapped BTC assets to receive STRK rewards. Over 480 million STRK have been staked on the network to date, with more delegation programs rolling out to increase validators.