Anchorage launches Starknet staking for institutions amid crypto yield demand
Anchorage Digital has added custody and staking for Starknet’s STRK token, expanding the token’s utility for institutional investors in the US.
Anchorage Digital, a chartered crypto bank in the United States, has launched custody and staking support for Starknet’s native token, STRK, seeking to address investors’ appetite for yield generation on digital assets.
According to a Wednesday announcement, staked STRK currently yields an annual percentage rate (APR) of 7.28%. Anchorage, offering STRK custodian services since January, is expanding the token’s utility.
“Anchorage Digital has a long-standing relationship with Starknet and now is opening the door to institutional custody and staking of STRK,” the company said in a statement.