Amina Bank Launches Polygon (POL) Staking With Up to 15% Rewards

Swiss crypto bank Amina Bank has become the first financial institution to offer staking services for POL, the native token securing the Polygon network.

The Zug-based bank, licensed by the Swiss Financial Market Supervisory Authority (FINMA), said on Thursday that it will provide institutional clients with up to 15% in staking rewards through a new partnership with the Polygon Foundation.

“Our expansion of POL services provides institutional clients with regulated access to the blockchain, enabling our clients to be rewarded for providing stability and security to a blockchain network used by some of the biggest financial institutions,” Amina’s chief product officer Myles Harrison said.

Amina said the offering gives its clients, including asset managers, family offices and corporate treasuries, a regulated way to not only buy tokens but also participate in the network.

Related: DeFi staking: A beginner’s guide to proof-of-stake (PoS) coins

Polygon surpasses $1 billion in tokenized assets

Polygon (POL) underpins major Web3 initiatives from financial giants like BlackRock, JPMorgan, Franklin Templeton and Stripe. The network has also become a hub for tokenization and onchain finance.

According to data from RWA.xyz, Polygon ranks third among all blockchains in real-world asset (RWA) tokenization, with over $1.13 billion in total value spread across 273 tokenized assets. Ethereum remains dominant with a 56% market share.

In May, Amina Bank, formerly Seba Bank, posted record 2024 results with revenue up 69% year-over-year to $40.4 million and assets under management surging 136% to $4.2 billion, driven by strong institutional demand and global expansion.

Related: Grayscale stakes $150M ETH as SEC altcoin ETF deadlines approach

Coinbase to offer staking in New York

Amina Bank’s latest offering comes amid growing interest in staking services. On Wednesday, Coinbase received approval from New York regulators to offer staking services to residents, allowing users to earn rewards on assets such as Ether (ETH) and Solana (SOL).