Switzerland-Based Crypto-Focused Bank Announces Staking Service for This Altcoin! Here Are the Details
Switzerland-based crypto-focused AMINA Bank has become the first bank in the world to offer its corporate clients a regulated staking service for the Polygon (POL) token. The bank announced that participants can earn staking returns of up to 15% under this service.
Swiss Bank AMINA Launches Regulated Staking Service for Polygon (POL)
AMINA Bank's new service allows qualified investors, such as asset managers and corporate treasuries, to earn staking rewards while supporting the security of the Polygon network in full compliance with financial regulations. This rate is a combination of the bank's base return and additional incentives from the Polygon Foundation.
The bank's Chief Product Officer, Myles Harrison, stated that the service “bridges the gap between traditional finance and future blockchain infrastructures.” With this step, AMINA expands the scope of its existing POL custody and trading services.
AMINA Bank (formerly SEBA Bank) is licensed by the Swiss Financial Market Supervisory Authority (FINMA) and has also received approval from Abu Dhabi and Hong Kong regulators.
Polygon Labs CEO Marc Boiron said this development “shows that institutions are no longer content with just purchasing tokens but want to actively participate in networks.”
The Polygon network stands out in the real-world asset tokenization space with its low transaction fees and transactions confirmed in seconds. The network currently hosts over $1 billion in tokenized assets and approximately $3 billion in stablecoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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