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Golden Finance reported that the Stuttgart Stock Exchange (Boerse Stuttgart Digital) announced a cooperation with Munich Re (Munich Re) to provide insurance for cryptocurrency institutional customers holding Ethereum equity. Due to the existence of the Proof of Stake consensus mechanism, the staked cryptocurrency may be reduced or lost. Munich Re intends to insure this risk. The product will be launched in the near future.
To provide protection, Munich Re had to conduct due diligence on the Stuttgart exchange's digital processes.