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>>Swiss crypto bank launches staking service for a specific alternative cryptocurrency. Find out more below.

Swiss crypto bank launches staking service for a specific alternative cryptocurrency. Find out more below.

crypthub

4 days ago

Amina Bank's Polygon Staking Service

Amina Bank, based in Switzerland, has pioneered a regulated staking service for Polygon (POL) tokens, marking a first for global banking. The service allows corporate clients to earn staking returns, potentially up to 15%, through participation. It caters to qualified investors, like asset managers, while adhering to financial regulations.

Bridging Finance and Blockchain

Amina Bank's offering builds upon their existing Polygon custody and trading services, expanding their range of offerings. Their Chief Product Officer emphasizes this service connects conventional finance with blockchain technology. The innovation allows institutions to actively engage with networks beyond simple token acquisition.

Polygon Network and Asset Tokenization

Polygon's network is recognized for its efficiency, boasting low transaction fees and rapid confirmation times. It is gaining prominence in tokenized assets, currently hosting over $1 billion in assets. This development underscores the network’s growing appeal and utility.

Regulatory Approvals and Bank Background

Amina Bank holds licenses from Swiss, Abu Dhabi, and Hong Kong regulators. The institution, formerly known as SEBA Bank, operates under the supervision of the Swiss Financial Market Supervisory Authority (FINMA). This regulated approach ensures transparency and compliance.