The insured ether staking service will allow investors to place minimum stakes of 0.005 ETH ($12) on the Stuttgart Stock Exchange’s Bison platform and receive rewards for doing so. Bison customers will be able to purchase insurance against operational errors, technical failures and potential fraud, as well as the risk of slashing. Slashing occurs when validators are punished for illegal actions – this can lead to fines and the loss of some of the staked ETH.
Bison said the service is powered by international insurance company Munich Re, which specializes in protection against risks associated with staking digital assets.
In March, Germany’s largest stock exchange, Deutsche Börse, announced the launch of its own cryptocurrency spot trading platform intended for institutional clients.
Source: Bits
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