Key Points
- Swiss-based AMINA Bank AG has started offering staking services for the Polygon network’s native token.
- Institutional investors can now participate in Polygon’s governance and earn staking rewards via AMINA Bank.
AMINA Bank AG, a Swiss FINMA-regulated crypto bank, has started providing staking services for the native token of the Polygon network. This move makes AMINA the first financial institution in the world to offer such services.
AMINA and Polygon Cater to Institutional Investors
AMINA Bank AG is the first bank to offer institutional staking services for the Polygon network’s native token. Institutional investors now have the chance to participate in the governance of the Polygon network and earn rewards in return.
Investors who stake through AMINA can expect high-yield staking rewards of up to 15%. This increased reward rate is due to AMINA’s partnership with the Polygon Foundation.
Institutional clients who stake their funds are pledging to provide security for the Proof-of-Stake (PoS) network through transaction validation. By staking POL through AMINA’s custody stack, clients are also meeting Swiss Know Your Customer (KYC) and Anti-Money Laundering (AML) regulatory requirements.
Polygon’s Growing Demand and Success
The demand for the Polygon network is increasing, with the network already having a significant presence in the remittances sector, controlling up to 30% market share. The volume of stablecoin activity on the network is high, and with AMINA’s support, Polygon can secure more of this increased demand.
Polygon has been making significant strides in the Real World Asset (RWA) tokenization ecosystem, holding over $1.13 billion in Total Value Locked (TVL) from RWAs, as reported by Dune Analytics and RWA.xyz.
This success followed Polygon’s major “Rio” upgrade to the Amoy testnet, which prepares the network to handle up to 5,000 transactions per second. The Rio upgrade includes several technical proposals, with its central element being PIP-64, which establishes a “Validator-Elected Block Producer” (VEBloP).
