Amina Bank Introduces Polygon (POL) Staking Offering Rewards Up to 15%

Amina Bank, the first crypto bank in Switzerland, is now offering staking services for POL, the native token of the Polygon network.

Based in Zug and licensed by the Swiss Financial Market Supervisory Authority (FINMA), announced on Thursday that it will offer institutional clients staking rewards of up to 15% through a collaboration with the Polygon Foundation.

“Expanding POL services gives institutional clients regulated blockchain access, allowing them to earn rewards while enhancing the stability and security of a blockchain network utilized by leading financial institutions,” said Myles Harrison, chief product officer at Amina.

Amina highlighted that this offering presents its clients—including asset managers, family offices, and corporate treasuries—a compliant avenue to buy tokens and engage in the network.

Related: A beginner’s guide to DeFi staking: Understanding proof-of-stake (PoS) coins

Polygon exceeds $1 billion in tokenized assets

Polygon (POL) supports significant Web3 initiatives from major firms such as BlackRock, JPMorgan, Franklin Templeton, and Stripe. The network has established itself as a central hub for tokenization and on-chain finance.

As per RWA.xyz data, Polygon stands third among all blockchains in real-world asset (RWA) tokenization, boasting over $1.13 billion in total value across 273 tokenized assets, while Ethereum retains a commanding 56% market share.

In May, Amina Bank, previously known as Seba Bank, recorded exceptional 2024 results, with a 69% year-over-year increase in revenue to $40.4 million and assets under management rising 136% to $4.2 billion, propelled by robust institutional demand and global expansion.

Related: Grayscale stakes $150M ETH as SEC altcoin ETF deadlines approach

Coinbase to launch staking in New York

Amina Bank’s new offering comes amidst a surge of interest in staking services. On Wednesday, Coinbase received approval from regulators in New York to provide staking services to residents, enabling users to earn rewards on assets like Ether (ETH) and Solana (SOL).