Anchorage launches Starknet staking for institutions amid crypto yield demand

Anchorage Digital, a chartered crypto bank in the US, just dropped custody and staking for Starknet's STRK token—yeah, institutions can now lock it up for that sweet 7.28% APR yield. This move taps into the growing hunger for crypto yields, especially with traditional safe bets like US Treasurys offering only 4-4.5% and the Fed likely cutting rates soon.

Starknet, an Ethereum L2 using zero-knowledge proofs, introduced staking earlier this year as part of its decentralization push. Anchorage, which has been holding STRK since January, is the first qualified custodian for this, making it a big deal for big-money players.

While banks like JPMorgan and BNY Mellon are all about tokenization, staking is stealing the spotlight—just look at Ethereum's staking queue hitting a two-year high with over 860k ETH waiting to be staked. It's clear: yield is the new king in crypto.

Institutions are jumping in hard. Sygnum Bank kicked off Ethereum staking back in 2021, Komainu (backed by Nomura) rolled out staked Ether custody this year, and Liquid Collective launched LsSOL for Solana staking in July. The message? Staking isn't just for degens anymore—it's going mainstream.