Swiss Bank Amina becomes first to offer institutional POL token staking with up to 15% rewards, signaling growing trust in Polygon’s DeFi ecosystem.
Swiss crypto bank Amina Bank has made a significant market move. It is now the first financial institution to offer staking services for POL. POL is the original token that secures the entire Polygon network. This service is just available to Amina’s institutional clients. This new offering is a statement of increasing institutional trust in decentralized finance.
Swiss Bank Amina Pioneers Institutional POL Staking
The Zug-based bank has a bank license issued by the Swiss Financial Market Supervisory Authority (FINMA). It announced the service of staking on Thursday morning. The bank will give institutional clients great staking rewards. Clients are able to obtain up to 15% in a partnership with the Polygon Foundation.
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Amina is the first bank in the world to present these boosted staking rewards. This expanded service builds upon the existing access of the POL custody and trading service. It provides institutional clients a regulated means of securing the Polygon network. This is very essential to the adoption of Web3.
Polygon is one of the most common networks used in the Web3 space. Leading Financial institutions are already using Polygon infrastructure. Firms such as BlackRock, JPMorgan make use of the network for tokenization and onchain finance.
This announcement comes when Polygon is strengthening its market position. The network accommodates almost $3 billion in stablecoin market capitalization. Polygon leads in the smaller USDC payment volumes market.
The Polygon POS blockchain has an ultra-low transaction fee, commonly below $0.01. Settlement times are very fast, always less than five seconds. The resulting network today boasts more than $1 billion in real-world assets (RWA) tokenized assets. BlackRock’s BUIld Fund is published to Polygon.
Regulated Access Bridges Traditional Finance to DeFi Yield
Myles Harrison, CPO of Amina Bank, said institutional use of blockchain is accelerating. Amina continues to bridge the traditional finance against important networks. The expanded POL services offer the regulated access to blockchain.
This new service allows rewarding the client for participating. They are playing their part in bringing stability and security to a major blockchain network. Large financial institutions around the world use this network, and the bank offers the most competitive rewards structure.
Marc Boiron, CEO of Polygon Labs, said the partnership was a critical turning point. He remarked there is now active participation of institutions in networks. They are not simply purchasing tokens anymore. POL is designed to scale the internet’s football to the powers of the core value layer.
This initiative provides real capital with a secure entry point to assist in securing the network. This is a regulated as well as bank-grade entry point. The performance of Polygon is demonstrated at the institutional-scale.
The bank’s POL offerings are institutional-grade custody services. It includes strong risk management on the part of all participants. This helps qualified investors to easily comply with all the regulatory standards. These participants comprise asset managers as well as corporate treasuries.
Lastly, Amina’s clients earn up to 15% in total staking rewards. This includes the bank’s annual base rate of 4–5%. Moreover, the Polygon Foundation provides the remaining boost to maximize overall returns.
