Operating for nearly a century, Banque Delubac & Cie is an independent financial institution offering specialized banking services to private investors, businesses, and institutional clients. In October 2025, Banque Delubac became the first French bank to obtain a MiCA license. With that license in place, it could now offer a full range of crypto services. The launch of an Ethereum (ETH) staking product began with selecting the right institutional partners in both custody and staking infrastructure.
Starting with Secure Custody
Banque Delubac’s path into digital assets began in 2022, when it received PSAN authorization from French regulators. That approval shaped how the bank approached every decision that followed.
Before any staking product went live, assets needed to be properly held. Banque Delubac selected Taurus, a Swiss-based digital asset infrastructure provider, to handle custody through Taurus-PROTECT. Only once that foundation was in place did the bank move to expand the offering to include staking.
“Banque Delubac has been a long-term partner of Taurus since 2022, and we are proud to support the bank as it adds ETH staking to its digital asset services. From the beginning, Banque Delubac and Taurus partnered to build a best-in-class custody platform that meets the security, governance, and operational requirements of a regulated banking environment. With Figment’s staking infrastructure integrated directly into Taurus-PROTECT, the bank can offer ETH staking while keeping client assets under its full control.” — Lamine Brahimi, Co-Founder and Managing Partner at Taurus
Building the Staking Layer
With custody established, Banque Delubac integrated Figment as its staking provider. The mechanics are straightforward: assets remain in Taurus custody throughout, never leaving the client’s wallets. Figment operates the validators, and staking rewards flow back to the bank’s custody infrastructure.
Figment brings institutional credibility: serving over 1,500 clients globally, with approximately 6% of both staked Ethereum and Solana by volume. Figment achieved SOC 1 Type 2 and SOC 2 Type 2 compliance, maintains a “safety over liveness” principle, and offers coverage for the primary risks associated with protocol staking: missed rewards, downtime penalties, and double-sign slashing.
For Banque Delubac’s 21,000+ clients, whether they’re institutions that have held crypto before or individuals accessing digital assets for the first time, the experience is as familiar as the bank designed it to be. Clients get exposure to protocol staking rewards through a regulated institution, without navigating wallets, keys, or protocol mechanics themselves.
A MiCA-licensed bank building staking and custody in this way is the clearest signal yet for regulated entities, a security-first, and risk-managed approach isn’t optional in staking, it’s the only path forward. Banque Delubac has partnered with both Taurus and Figment because of our real institutional track records; security isn’t a buzzword for us, it’s at the core of each of our businesses. This allows Banque Delubac to bring staking to its 21,000 clients without ever giving up control of their assets, and we’re excited to see this partnership grow.” — Eva Lawrence, Head of Revenue, Figment
What This Means for European Banks
The regulatory path is clearer than it was two years ago. MiCA came into effect across Europe in 2025, and Banque Delubac holds one of the first licenses issued under it. For other regulated institutions evaluating a similar move, the framework is no longer theoretical.
Client demand for digital asset exposure is real, and the institutions that establish compliant infrastructure now will be better positioned to meet it. Banque Delubac’s approach also demonstrates that banks don’t need to build this in-house. Custody and staking infrastructure can be sourced from institutional-grade partners with the right compliance posture and regulatory track record, reducing operational risk without sacrificing control.
“Our approach has always been the same: give our clients access to the most demanding financial innovations without ever making them carry the technical complexity that comes with it. ETH staking is a natural extension of that philosophy. By choosing Taurus and Figment, we wanted to build a crypto offering that meets the rigor of a bank, while remaining accessible to a retail investor and an institution alike. Every client moves at their own pace: some simply want to delegate and track their returns, others want to understand the mechanics in depth, our role is to adapt to that level of engagement, not impose one. This isn’t about democratizing crypto at the expense of quality; it’s about removing the technical barriers : wallets, private keys, validators, so that access to digital assets becomes a natural extension of our banking offering, with the same level of trust and security as our other products.” — Edouard Belliard, VP Crypto Development, Banque Delubac & Cie
The Takeaway
Banks entering digital assets face a real question: how do you offer crypto products without taking on custody risk, operational complexity, or regulatory exposure? Banque Delubac’s answer was to focus on robust infrastructure with the right partners before going to market, selecting institutional-grade partners with proven experience in regulated environments.
For European financial institutions evaluating whether and how to implement a custody and staking solution, Banque Delubac is worth paying attention to as a legacy French brand’s approach to introducing digital assets.
