Bison launches its Ethereum stock service
Ghosh announced that it has partnered with Munich Re and staking facilities to launch an insured Ethereum product where users can earn weekly rewards by holding stakes as low as 0.005 ETH.
Bison, the crypto trading and exchange-traded fund (ETF) platform of the Böerse Stuttgart Group, has unveiled a new staking service that offers insurance shares with Ethereum.
According to information updated on October 8, the product is part of a partnership between Bison and Germany-based companies Munich Re and Staking Facilities. Munich Re is a global reinsurance company and Staking Facilities is a Web3 infrastructure provider that offers unsecured staking.
Holding from 0.005 ETH
Gosh offers 27 tradable assets on its platform, including Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA). The platform provides access to over 2,500 stocks and exchange-traded products (ETPs).
With the new feature, Bison users can earn Ether from as low as 0.005 ETH, allowing more owners to support the network and earn higher rewards.
In addition, Bison now supports insured ETH holdings, including gradual drawdown protection and weekly payouts. In cutting edge terms, insurance means that stakeholders are protected against collateral losses resulting from improper actions.
Exciting news 🚀 Made in Germany – our bare metal infrastructure now powers @bisonapp's $ETH saving functionality 🙌
Support the #Ethereum network and earn #higherrewards by doing so:
🔵 Receive weekly rewards as low as 0.005 ETH🔵
— Staking Facilities (@StakingFac) October 8, 2024
Bison will also benefit from bespoke services, with all proprietary assets under the digital protection control of Börse Stuttgart. A regulated platform has a license from the Federal Financial Supervisory Authority, or BAFF.
Earlier this month, Bauer's Stuttgart, as the European Central Bank's DLT test, successfully completed a crypto-guarantee pilot involving major banks.
In September, the company's crypto subsidiary, Börse Stuttgart Digital, announced a partnership with DZ Bank to bring crypto trading and leverage to its users.
