- Bison has partnered with Munich Reinsurance and Staking Facilities to launch an insured Ethereum staking product.
- Users can stake from 0.005 ETH and receive weekly rewards.
Bison, the cryptocurrency trading and exchange-traded fund platform operated by the Börse Stuttgart Group, announced a new insured staking service for Ethereum.
According to an update on October 8, this product is offered through a partnership between Bison, the Germany-based global reinsurer Munich Re, and Staking Facilities, a Web3 infrastructure provider that offers non-custodial staking services.
Munich Re is a global reinsurer, while Staking Facilities provides dedicated infrastructure for staking and validator operations.
Stake from 0.005 ETH
Bison’s platform supports 27 tradable assets, including Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA).
In addition to cryptocurrencies, the platform provides access to over 2,500 equities and exchange-traded products.
The new feature allows Bison users to stake Ethereum with a minimum amount of just 0.005 ETH, enabling a broader range of holders to support the network and earn staking rewards.
Moreover, Bison’s ETH staking offering is insured and will roll out in phases. The service includes slashing protection and weekly reward payouts. Insurance for slashing means that stakers are protected against validator losses resulting from improper or penalized validator behavior.
Exciting news 🚀 Staking made in Germany – our bare metal infrastructure now powers the @bisonapp $ETH staking functionality 🙌
Support the #Ethereum network & earn #staking rewards for doing so:
🔵 Stake as little as 0.005 ETH
🔵 Receive weekly rewards
🔵 Slashing risk insured… https://t.co/kvlmIMFxPC— Staking Facilities (@StakingFac) October 8, 2024
Bison benefits from regulated custody: all staked assets are held by Börse Stuttgart Digital Custody.
The regulated platform operates under license from the Federal Financial Supervisory Authority (BaFin). Earlier this month, Börse Stuttgart successfully completed a pilot for tokenized securities settlement that included major banking participants as part of the European Central Bank’s DLT testing initiative.
In September, Börse Stuttgart’s crypto subsidiary Börse Stuttgart Digital announced a partnership with DZ Bank to provide users with cryptocurrency trading and custody services.