German Finance Heavyweights Develop Fully-Insured Crypto Staking Offering, Plan 2024 Release

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Boerse Stuttgart Digital has already obtained a digital asset custody license in Germany.

Boerse Stuttgart Digital, the crypto-focused arm of the Stuttgart Stock Exchange, plans to introduce a fully insured cryptocurrency staking service next year, a company spokesperson told CoinDesk.

As part of the development, global reinsurance company Munich Re has crafted an insurance product dedicated to reducing risks of slashing, the companies announced in aTuesday. Slashing stands for penalizing validators in a proof-of-stake blockchain for violating network rules or malicious activity with suspended or lost staked tokens.

This is the latest example of well-established financial institutions building out their crypto chops as the digital asset industry matures and increasingly intertwines with traditional investment services.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 291. in FR

France Dernières Nouvelles, France Actualités