A Swiss financial institution, AMINA Bank, has achieved a global milestone by becoming the first regulated bank to provide staking services for POL, the token powering the Polygon network, to its institutional clientele.
This initiative allows qualified entities, such as investment firms and corporate finance departments, to earn staking rewards while contributing to the Polygon network’s security, all within a framework of financial regulatory compliance.
Through this partnership, AMINA’s clients can potentially gain up to 15% in staking incentives. This return combines a base yield from AMINA with a special bonus from the Polygon foundation.
This service enhances AMINA’s existing POL storage and trading offerings, providing a fully compliant avenue for institutions to engage with blockchain technology trusted by major players like BlackRock, JPMorgan, and Franklin Templeton for their asset tokenization projects.
Myles Harrison, Chief Product Officer at AMINA, emphasized that this new service effectively connects traditional financial systems with “the blockchain networks that are most important.”
AMINA Bank, formerly known as SEBA Bank, is licensed by the Swiss Financial Market Supervisory Authority (FINMA) and has also received approval from regulators in Abu Dhabi and Hong Kong to offer crypto-related services.
Marc Boiron, CEO of Polygon Labs, sees this development as a clear indicator that institutions are “no longer just acquiring digital assets; they are seeking active participation in the ecosystem.”
Polygon, acting as a scaling solution for Ethereum, facilitates transactions at a fraction of a cent and achieves settlement in under five seconds. It has become a key platform for on-chain financial activities, currently managing over $1 billion in tokenized real-world assets and nearly $3 billion in stablecoin value. At the time of reporting, the POL token had a market capitalization of $2.5 billion.