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Ethereum Stak­ing — ETH+

Gain access to a diver­si­fied Ethereum Liq­uid Stak­ing Bas­ket wrapped in a tra­di­tion­al structure

Unlock Ethereum stak­ing yields with Reserve Pro­to­col’s ETH+ Decen­tral­ized Token Folio, struc­tured as invest­ment-grade, per­for­mance-linked notes. Tap into inno­v­a­tive cryp­to-native returns with­in a reg­u­lat­ed frame­work tai­lored for insti­tu­tion­al com­pli­ance and tra­di­tion­al invest­ment processes.

Cre­at­ed by Reserve Pro­to­col, ETH+ is a decen­tral­ized and diver­si­fied prod­uct that pro­vides seam­less expo­sure to Ethereum Liq­uid Stak­ing. By com­bin­ing lead­ing liq­uid stak­ing assets into a sin­gle bas­ket, ETH+ sim­pli­fies ETH yield gen­er­a­tion while main­tain­ing full on-chain trans­paren­cy and liquidity.

 

Tra­di­tion­al investors can now gain insti­tu­tion­al-grade access to ETH+ by Reserve. The prod­uct is secu­ri­tized via BMCP Secu­ri­ties S.à r.l., and its under­ly­ing ETH+ is secure­ly cus­todied by For­tu­na Cus­tody Solutions.

HIGHLIGHTS

Liq­uid under­ly­ing asset with instant mint & redemption.
Ful­ly com­pli­ant and man­aged Ethereum stak­ing product.
Tra­di­tion­al invest­ment struc­ture — Per­for­mance Linked Note with ISIN.
Full access to stak­ing rewards and liq­uid redemp­tion options.

PROJECT OVERVIEW

ETH+ by Reserve Pro­to­col is intro­duced as a reg­u­lat­ed finan­cial instru­ment, brought to mar­ket through a col­lab­o­ra­tion between Black Man­ta Cap­i­tal Part­ners, Sors Dig­i­tal Assets, and For­tu­na Cus­tody Solu­tions. This offer­ing is designed to pro­vide tra­di­tion­al investors with a com­pli­ant and acces­si­ble way to tap into Ethereum stak­ing yields.

 

Issued via BMCP Secu­ri­ties S.à r.l., the Ethereum Stak­ing — ETH+ prod­uct is unique­ly struc­tured with­in its own ded­i­cat­ed com­part­ment in our Lux­em­bour­gish secu­ri­ti­za­tion vehi­cle bear­ing an unique ISIN. This set­up fea­tures insti­tu­tion­al-grade wal­let infra­struc­ture, includ­ing secure fiat and cryp­to on/off-ramps and robust cus­tody of the under­ly­ing ETH+ assets, pro­vid­ed by For­tu­na Cus­tody Solutions.

 

Struc­tured as a Per­for­mance Linked Note (PLN), the prod­uct aims to close­ly mir­ror the returns gen­er­at­ed by the under­ly­ing ETH+ token. This design grants investors access to nov­el yield oppor­tu­ni­ties with­in the cryp­to space, all deliv­ered with­in a reg­u­lat­ed wrap­per. Con­se­quent­ly, investors ben­e­fit from expo­sure through a famil­iar secu­ri­ty for­mat while pre­serv­ing the essen­tial char­ac­ter­is­tics and per­for­mance of the native cryp­to asset.

UNDERLYING: ETH+ BY RESERVE PROTOCOL

Found­ed in 2022, Reserve Pro­to­col is a mul­ti-chain plat­form on Base, Ethereum, and soon Solana, enabling the cre­ation, trad­ing, and redemp­tion of cryp­to index prod­ucts called DTFs (Decen­tral­ized Token Folios). These on-chain assets, like ETH+, bun­dle entire invest­ment nar­ra­tives or strate­gies into a sin­gle token, allow­ing users to gain diver­si­fied expo­sure through one seam­less trade — much like a cryp­to-native index fund.

 

Web: https://app.reserve.org/

 

 

About ETH+ 

 

ETH+ is a Yield DTF offered by Reserve Pro­to­col that diver­si­fies across yield-gen­er­at­ing strate­gies involv­ing Ethereum (ETH). By bundling mul­ti­ple ETH-based yield strate­gies into a sin­gle token, ETH+ allows users to gain expo­sure to var­i­ous ETH yield oppor­tu­ni­ties while mit­i­gat­ing sin­gle-strat­e­gy risks. The under­ly­ing bas­ket is 100% backed and diver­si­fied by indus­try lead­ing liq­uid stak­ing pro­to­cols including:

 

• Stad­er 

• Frax 

• Lido

• Rock­et Pool

 

Each of these Ethereum liq­uid stak­ing tokens (LSTs) rep­re­sents staked ETH in a dif­fer­ent pro­to­col with its own val­ida­tor net­work and reward mech­a­nisms. All assets in the Reserve pro­to­col are vis­i­ble and trans­par­ent on-chain, offer­ing a robust struc­ture to Ethereum stak­ing yields.

ABOUT ETHEREUM LIQUID STAKING

Ethereum liq­uid stak­ing is a mech­a­nism that enables ETH hold­ers to par­tic­i­pate in net­work stak­ing and earn rewards with­out the need to lock up assets or run val­ida­tor infra­struc­ture. Tra­di­tion­al Ethereum stak­ing involves a 32 ETH min­i­mum and an indef­i­nite lock-up peri­od, mak­ing it inac­ces­si­ble or inef­fi­cient for many investors.

 

Liq­uid stak­ing pro­to­cols solve this by pool­ing user deposits and issu­ing liq­uid stak­ing tokens (LSTs) in return — tok­enized rep­re­sen­ta­tions of staked ETH that con­tin­ue to earn stak­ing rewards over time. These LSTs can be freely trad­ed, used in DeFi pro­to­cols, or held for pas­sive yield, offer­ing a bal­ance between cap­i­tal effi­cien­cy and stak­ing participation.

 

By abstract­ing away the tech­ni­cal com­plex­i­ties of run­ning val­ida­tors, liq­uid stak­ing democ­ra­tizes access to Ethereum’s stak­ing econ­o­my. Addi­tion­al­ly, because LSTs are com­pos­able with oth­er DeFi appli­ca­tions, they sig­nif­i­cant­ly expand the util­i­ty of staked ETH, allow­ing investors to lever­age their hold­ings in yield farms, lend­ing mar­kets, or as col­lat­er­al — all while con­tin­u­ing to earn stak­ing rewards. This dual util­i­ty — yield and liq­uid­i­ty — has posi­tioned liq­uid stak­ing as one of the most impor­tant inno­va­tions in Ethereum’s post-merge landscape.

ABOUT THE ISSUER

Our Lux­em­bourg-based secu­ri­ti­za­tion vehi­cle — BMCP Secu­ri­ties S.à r.l. — offers a com­part­ment struc­ture, which seg­re­gates assets and lia­bil­i­ties for each dis­tinct issuance, pro­tect­ing each com­part­ment from the risks asso­ci­at­ed with oth­er com­part­ments and assets. The vehi­cle oper­ates under Lux­em­bourg’s robust legal frame­work and is designed to accom­mo­date diverse finan­cial instru­ments and mar­ket access.

 

Read more here: https://blackmanta.capital/securitization/

 

About Black Man­ta Cap­i­tal Partners

Black Man­ta Cap­i­tal Part­ners is a next gen­er­a­tion invest­ment bank focused on dig­i­tal and tok­enized assets, oper­at­ing a ful­ly reg­u­lat­ed invest­ment plat­form for issuances in the Euro­pean cap­i­tal mar­ket, as well as a Secu­ri­ti­za­tion Vehi­cle out of Lux­em­bourg. With offices in Europe, Asia and Amer­i­c­as, Black Man­ta Cap­i­tal offers full-ser­vice sup­port for all tech­ni­cal, finan­cial, and legal aspects of asset and secu­ri­ty tok­eniza­tion on a glob­al scale.

ABOUT FORTUNA CUSTODY SOLUTIONS

Found­ed in 2021, For­tu­na Cus­tody Solu­tions is a licensed VASP (Vir­tu­al Asset Ser­vice Provider) reg­is­tered with the Cen­tral Bank of Ire­land (CBI) pro­vid­ing insti­tu­tion­al-grade cus­tody solu­tions. For­tu­na is now endur­ing a MiCa reg­u­la­tion process in Ire­land with the Cen­tral Bank of Ire­land (CBI).

 

Oper­at­ing as Custodian.

 

Web: https://www.fortuna.solutions/

ABOUT SORS DIGITAL ASSETS

Found­ed in 2018, Sors Dig­i­tal Assets is a licensed VASP (Vir­tu­al Asset Ser­vice Provider) reg­is­tered with the Cen­tral Bank of Ire­land (CBI), pro­vid­ing Port­fo­lio Man­age­ment, On/Off Ramp, OTC, Mar­ket Mak­ing, Launch & Advi­so­ry Services.

 

Oper­at­ing as Com­part­ment Man­ag­er and On/Off-ramp Provider.

 

Web: https://sorsdigitalassets.com/

Ethereum Stak­ing — ETH+

Vol­ume

EUR 50,000,000

For Pro­fes­sion­al Investors from

Europe

Issuer BMCP Secu­ri­ties S.à r.l.
Juris­dic­tion Lux­em­bourg
Instru­ment Type Per­for­mance Linked Note (PLN)
ISIN LU3087210863
Stak­ing Yield up to 4% APY (in ETH)
Expo­sure ETH Price Performance
Redemp­tion Any­time-Redeemable
Matu­ri­ty Date 31 Decem­ber 2045
Min. Invest­ment Amount €10,000
Max. Invest­ment Amount N/A
Accept­ed Currencies EUR, USDC

Under­ly­ing ETH+ Details

Name ETH­Plus (ETH+)
Back­ing 100% backed by 4 col­lat­er­als pegged to ETH
ETH+ AUM (Pro­to­col Level) +$215,000,000
Token Con­tract Link
Token Track­er Link
Cur­rent Basket ETHx, sfrx­ETH, wstETH, rETH
Sup­ply +80,000 ETH+

Con­di­tions

Fees See investor documentation

Ser­vice Providers

Issuer BMCP Secu­ri­ties S.à r.l.
Com­part­ment Manager Sors Dig­i­tal Assets
Cus­to­di­an For­tu­na Cus­tody Solutions
On/Off-ramp Provider Sors Dig­i­tal Assets
For gen­er­al ques­tions about Secu­ri­ty Token Offer­ings please read our FAQs or Con­tact us.
Investor Doc­u­men­ta­tion
Base Prospec­tus (upon registration)
Final Terms (upon registration)
Sub­scrip­tion Agree­ment (upon registration)

More infor­ma­tion about the issuer, as well as the legal doc­u­men­ta­tion you will receive after reg­is­tra­tion and dur­ing the sub­scrip­tion process. We are avail­able for ques­tions at any time – contact@blackmanta.capital

Inter­est­ed investors must reg­is­ter and qual­i­fy as pro­fes­sion­al client accord­ing to Annex II of DIRECTIVE 2014/65/EU. A pro­fes­sion­al client is a client who pos­sess­es the expe­ri­ence, knowl­edge and exper­tise to make its own invest­ment deci­sions and prop­er­ly assess the risks that it incurs. 

Poten­tial investors must suc­cess­ful­ly com­plete an investor iden­ti­fi­ca­tion process in accor­dance with anti-mon­ey laun­der­ing rules in order to invest. Only iden­ti­fied and ver­i­fied investors can par­tic­i­pate in the offer­ing and pur­chase tokens. There is no pref­er­en­tial sub­scrip­tion right for investors. There is no enti­tle­ment to allo­ca­tion of the tokens. Acquired tokens will be cred­it­ed to the investors’ per­son­al wal­let and simul­ta­ne­ous­ly record­ed in the issuer’s register.

Legal Infor­ma­tion

The infor­ma­tion in this Offer­ing is intend­ed sole­ly for investors who are not locat­ed or res­i­dent in cer­tain oth­er restrict­ed juris­dic­tions and who are not oth­er­wise per­mit­ted to receive such information.

The infor­ma­tion in this Offer­ing does not con­sti­tute an offer or solic­i­ta­tion to pur­chase any secu­ri­ties in the Unit­ed States, Aus­tralia, Cana­da, Japan, South Africa, the Repub­lic of Chi­na or in any oth­er juris­dic­tion in which such offer or solic­i­ta­tion is not autho­rized or to any per­son to whom it is unlaw­ful to make such offer or solicitation.

Users of this infor­ma­tion are request­ed to inform them­selves about and to observe any such restric­tions. Secu­ri­ties may not be offered or sold in the Unit­ed States absent reg­is­tra­tion or an exemp­tion from reg­is­tra­tion under the Unit­ed States Secu­ri­ties Act of 1933, as amended.

An invest­ment involves con­sid­er­able risks and can lead to the com­plete loss of the assets invest­ed. In the inter­ests of risk diver­si­fi­ca­tion, only those amounts of mon­ey should be invest­ed that are not required or expect­ed to be returned in the near future. How­ev­er, the risk is lim­it­ed to the invest­ment sum made and there is there­fore no oblig­a­tion to make addi­tion­al contributions.

DISCLAIMER

 

MARKETING NOTICE PURSUANT TO § BT 3.1.1 MACOMP

THE FOLLOWING IS A MARKETING COMMUNICATION AND NOT AN INVESTMENT RECOMMENDATION. THIS ADVERTISING COMMUNICATION IS THEREFORE NOT A SUBSTITUTE FOR INVESTMENT ADVICE AND DOES NOT TAKE INTO ACCOUNT THE LEGAL PROVISIONS PROMOTING THE INDEPENDENCE OF FINANCIAL ANALYSES, NOR IS IT SUBJECT TO THE PROHIBITION ON TRADING FOLLOWING THE DISSEMINATION OF FINANCIAL ANALYSES.

THIS SITE DOES NOT CONSTITUTE AN OFFER OF SECURITIES OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES TO ANY PERSON IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL. THE DISTRIBUTION OF THIS OFFER MAY BE RESTRICTED BY LAW IN CERTAIN JURISDICTIONS. FAILURE TO COMPLY WITH SUCH RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTION.

THE OFFER IS ONLY AVAILABLE TO INVESTORS FROM EUROPE WHO HAVE EXPRESSED AN INTEREST IN INVESTING IN THE OFFERING.

THE INVESTMENT INTO THE PROJECT BEARS A RISK OF TOTAL LOSS OF THE INVESTED CAPITAL. IN SUCH A CASE THE INVESTOR WILL NOT RECEIVE HIS INVESTED CAPITAL BACK; INTEREST; OR ANY OTHER REMEDIES.