Boerse Stuttgart Digital and Munich Re Group have unveiled plans to introduce a fully-insured crypto staking service by 2024. This groundbreaking initiative aims to set a new standard for staking security in Europe, offering institutional investors a secure and insured platform for crypto staking.
Boerse Stuttgart Digital, a fully regulated entity in Germany, underwent a meticulous evaluation process conducted by Munich Re Group before finalizing this staking solution.
The service aims to minimize “slashing risks” through specialized insurance coverage developed by Munich Re. Boerse Stuttgart Digital Custody, operated by blocknox GmbH, will expand its existing custody services to include this new staking offering. The company is also collaborating with Staking Facilities Stuttgart, a renowned German staking provider, to develop the insured staking solution.
The fully-insured crypto staking service is designed to serve as an alternative revenue stream for institutional investors, particularly in the proprietary trading sector.
Dr. Oliver Vins, Managing Director of Boerse Stuttgart Digital, expressed enthusiasm about the strengthened relationship with Munich Re, emphasizing the growing interest from institutional investors in secure and insured staking environments. Dr. Andre Knoerchen, Head of New Tech Underwriting at Munich Re, praised Boerse Stuttgart Digital for its strategic focus and regulatory compliance.
In summary, the collaboration between Boerse Stuttgart Digital and Munich Re Group marks a significant milestone in the crypto industry. The fully-insured staking service, slated for a 2024 release, aims to provide a secure and reliable investment avenue for institutional investors.
This initiative not only sets a new benchmark for staking security but also serves as a testament to the increasing integration of cryptocurrencies into traditional financial systems. With this development, both companies are setting the stage for a more secure and regulated crypto investment landscape