Babylon Labs , developer of the Babylon Bitcoin staking protocol, today announces a collaboration with Native, the leading digital asset insurance broker. Babylon Labs will share knowledge and advise Native on developing institutional-grade coverage solutions for Bitcoin stakers. This includes specialised Bitcoin slashing coverage that is denominated in BTC, tailored to institutional requirements and aligned with treasury management practices. This insurance has the potential to facilitate Bitcoin staking adoption at scale.
This alliance comes as Babylon Labs prepares to support Phase-2, which network upgrade will technologically allow Proof of Stake chains to receive security from Bitcoin for the first time, and would allow stakers to have the ability to receive rewards. This marks a significant milestone in expanding Bitcoin’s utility beyond its traditional role as a store of value.
“As we unlock new opportunities for Bitcoin holders to earn rewards through staking, ensuring robust risk management is paramount,” said Xinshu Dong, CSO at Babylon Labs. “By collaborating with Native, we’re setting new standards for institutional-grade Bitcoin staking.”
This alliance represents a significant advancement in connecting institutional-grade risk management with Bitcoin staking. In an upcoming release, the staking protocol will implement slashing – a critical security feature that transforms Bitcoin into genuine staking collateral for Proof of Stake networks. This technological advancement, previously only available to native PoS tokens, establishes Bitcoin as a first-class staking asset while maintaining its trustless properties.
Native will work with leading insurers to develop comprehensive coverage solutions, including specialised Bitcoin slashing insurance for stakers, that aligns with institutional requirements and treasury management practices. This purpose-built insurance framework will allow institutional stakers to receive protection against technical failures while preserving the protocol’s essential security mechanism.
“What we’re witnessing is unprecedented – the ability to harness Bitcoin’s unrivaled hash power as a universal source of trust and security for the entire blockchain ecosystem,” said Dan Ross, Co-Founder of Native. “By pioneering new risk frameworks for this transformative protocol, we’re helping unlock institutional adoption of what could become the most significant development in the space.”
This collaboration reinforces Babylon Labs’ commitment to building the most secure and trusted Bitcoin staking infrastructure.
About Babylon Labs
Babylon Labs focuses on Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralized world. The latest software development is the world’s first trust less and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on other decentralized systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling stakers to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. The greater idea is to combine the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin’s utility. For more information about Babylon Labs, a developer of the Babylon Bitcoin staking protocol, please visit: Website | Twitter | Discord | LinkedIn
About Native
Native is the first global insurance broker bridging traditional markets with onchain capital for the crypto and blockchain industry. Founded by pioneering insurance experts, Native combines decades of experience in both digital assets and global insurance markets to solve complex risk challenges. With access to Lloyd’s of London, Native protects innovative protocols and platforms with a unique blend of consulting, traditional insurance placement, and alternative risk transfer solutions.
Website | LinkedIn | Twitter
