Bitcoin Suisse will expand liquid staking access for institutional and private clients as the protocol's first Swiss–incorporated Integrator focused on targeting the Swiss market
Bitcoin Suisse has joined Liquid Collective to offer liquid staking to their clients as a member of the independent collective of leading web3 teams building and running the protocol, including The Liquid Foundation, Alluvial, Coinbase Cloud, Figment, Kiln, and others. The crypto–financial services provider and trusted gateway to crypto asset investing is the protocol's first Swiss–incorporated Integrator focused on targeting the Swiss market.
Once the protocol is live, Bitcoin Suisse's institutional and private clients will be able to stake their ETH through Liquid Collective and use the receipt token generated by the protocol (LsETH) to participate in web3 and DeFi projects. Additionally, LsETH holders will receive coverage against losses from slashable events.
Bitcoin Suisse cited growing demand to participate in staking amongst institutional and private clients, and liquid staking's increased liquidity and capital efficiency, as motivating factors in their decision to join Liquid Collective—along with the protocol's aim to meet the need for a multi–chain liquid staking standard that can be widely adopted, while increasing the liquidity and composability of the web3 economy.
"Institutional and private clients are increasingly looking to participate in staking to earn network rewards," said Bitcoin Suisse Chief Product Officer Michael Gauckler in today's press release. "With this new partnership, Bitcoin Suisse is further advancing the institutionalization of crypto–financial services for our clients and the benefit of the crypto ecosystem."
As a decentralized protocol that aims to meet institutional compliance needs while setting the standard for performance and security, Liquid Collective relies on partnering with industry leaders. Integrators, including trading venues, custodians, and brokers like Bitcoin Suisse, provide a seamless on–ramp for stakers to participate in Liquid Collective. Users who have been identified based on Know–Your–Customer (KYC) standards will be able to utilize an Integrator's services to deposit to Liquid Collective and mint LsTokens. With Bitcoin Suisse's participation, the protocol will have an expanded access to the Swiss market.
"Bitcoin Suisse joining Liquid Collective will expand the protocol's access to the Swiss market, furthering our vision to empower global participation in securing the decentralized internet. We are thrilled to collaborate with the Bitcoin Suisse team to unlock more participation in liquid staking with European institutions," said Matt Leisinger, Co–Founder and CEO of Alluvial, a company supporting Liquid Collective's development.
You can learn more about Bitcoin Suisse joining Liquid Collective in the company's press release.
Are you considering offering your clients access to Ethereum liquid staking? To explore becoming a Liquid Collective Integrator, reach out for more information here. You can learn in–depth how Liquid Collective works in the Liquid Collective litepaper.
Liquid Collective is the secure liquid staking standard: a protocol with multi-chain capabilities, built and run by a collective of leading web3 teams. Developed in collaboration with a diverse group of industry leaders, Liquid Collective is designed to meet the need for an enterprise-grade decentralized liquid staking standard that can be widely adopted, increasing liquidity and composability for the web3 economy. | liquidcollective.io
Founded in 2013, Bitcoin Suisse Ltd is the Swiss crypto-finance and technology pioneer and market leader. As an enabler for the crypto and blockchain ecosystem in Switzerland, Bitcoin Suisse has been a driving force in the development of the 'Crypto Valley' and the 'Crypto Nation Switzerland'. The crypto-financial services provider offers brokerage, custody, lending, staking, payment solutions and other crypto-related services for private and institutional clients. As a member of the self-regulatory organization Financial Services Standards Association (VQF), Bitcoin Suisse is a financial intermediary subject to Swiss AML/CFT regulations. Bitcoin Suisse consists of several companies under the parent company BTCS Holding Ltd. The company is headquartered in Zug and has built a team of over 250 highly qualified experts in Switzerland and Europe. | bitcoinsuisse.com
The information provided in this document pertaining to Bitcoin Suisse AG and its Group Companies (together "Bitcoin Suisse") is for general informational purposes only and should not be considered exhaustive and does not imply any elements of a precontractual or contractual relationship nor any offering. This document does not take into account, nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. While the information is believed to be accurate and reliable, Bitcoin Suisse and its agents, advisors, directors, officers, employees, and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information, and Bitcoin Suisse expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Bitcoin Suisse reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient hereof. The information provided is not intended for use by or distribution to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Bitcoin Suisse does not hold the necessary registration, approval, authorization or license, in particular in the United States of America including its territories and possessions. Except as otherwise provided by Bitcoin Suisse, it is not allowed to modify, copy, distribute, transmit, display, reproduce, publish, license, or otherwise use any content for resale, distribution, marketing of products or services, or other commercial uses. Bitcoin Suisse 2023.
LsETH users may still be subject to slashing losses. If slashing losses were to occur, they would be socialized pro rata for all LsETH user's starting with earned but unredeemed network rewards.
Liquid staking via the Liquid Collective protocol and using LsETH involves significant risks. You should not enter into any transactions or otherwise engage with the protocol or LsETH unless you fully understand such risks and have independently determined that such transactions are appropriate for you.
Any discussion of the risks contained herein should not be considered to be a disclosure of all risks or a complete discussion of the risks that are mentioned. The material contained herein is not and should not be construed as financial, legal, regulatory, tax, or accounting advice.