Key Points
- AMINA Bank AG, a Swiss crypto bank, has introduced staking services for the Polygon network’s native token.
- Swiss firm AMINA Bank AG is the first to provide institutional staking services for the POL token.
AMINA Bank AG, a Swiss crypto bank regulated by the Swiss Financial Market Supervisory Authority (FINMA), now offers staking services for the native token of the Polygon network.
This makes AMINA Bank the first financial institution worldwide to provide such services. Additionally, the bank gives institutional investors a chance to interact with the Polygon network within a regulated environment.
AMINA and Polygon Collaborate to Cater to Institutional Investors
AMINA Bank AG is the pioneering bank to provide institutional staking services for the POL token.
This step forward allows institutional investors to partake in the governance of the Polygon network and receive rewards in return.
The network promises high-yield staking rewards of up to 15% for investors who invest through AMINA. This increased reward rate is due to the partnership with the Polygon Foundation.
Institutional clients stake their funds to provide security for the Proof-of-Stake (PoS) network through transaction validation.
When clients stake POL through AMINA’s custody stack, they comply with Swiss Know Your Customer (KYC) and Anti-Money Laundering (AML) regulatory requirements.
This development occurs as the network’s demand is increasing. Polygon already holds a significant reputation in the remittances niche, controlling as much as 30% market share. The volume of stablecoin activity on the network is high, and with AMINA, Polygon can secure more of this increased demand.
Polygon Achieves Multiple Victories
A report by Dune Analytics and RWA.xyz on September 17 highlighted that Polygon is gaining significant traction in the Real World Asset (RWA) tokenization ecosystem.
At that time, it had over $1.13 billion in Total Value Locked (TVL) from RWAs.
This was shortly after Polygon deployed its major “Rio” upgrade to the Amoy testnet. This initiative prepares the network to handle up to 5,000 transactions per second. The Rio upgrade includes several technical proposals that support achieving this goal. Its central element is PIP-64, which establishes a “Validator-Elected Block Producer” (VEBloP).
