- Amina Bank becomes the first bank to offer institutional staking for Polygon’s native token, POL.
- Its partnership with the Polygon Foundation raises staking yields to 15%.
Switzerland’s Amina Bank, one of the pioneers in cryptocurrency banking, is launching an institutional staking service for Polygon (POL, formerly MATIC). The move marks a significant milestone as it becomes the first bank in the world to offer this kind of feature.
The Swiss Financial Market Supervisory Authority (FINMA) regulates Amina. With that, institutions now have a compliant venue to earn from Polygon’s high-yield staking.
Polygon typically offers approximately 4% to 5% reward. However, thanks to its special partnership with the Polygon Foundation, it boosts the figures to allow clients to reap up to 15% yield.
The Polygon Edge
According to Polygon, it’s the leading network in everyday payments across EVM (Ethereum Virtual Machine) chains, particularly in transactions less than $100, with over 30% market share. It also supports $3.4 billion in stablecoin supply, holding 90% of stablecoin activity.
The platform is popular among enterprise and decentralized finance (DeFi) builders due to its quick transactions, typically taking less than five seconds. Additionally, its fees for basic operations, like transfers paid in its native token, cost around $0.0005 to $0.01. Meanwhile, those involving smart contract transactions can range from $0.01 to $0.10. The features mentioned make Polygon an ideal infrastructure for global financial leaders, including Stripe, Cypher Capital, and Alloy X.
Moreover, Polygon’s tokenized real-world assets (RWA) are already over $1.4 billion. Its RWA infrastructure is responsible for big projects like BlackRock’s BUIDL Fund, Hamilton Lane Senior Credit Opportunities Securitize Fund, Apollo Diversified Credit Securitize Fund, T-Bill tokens under Spiko, and tokenized real estate of Lumia Towers.
Institutions Taking a More Active On-Chain Participation
Marc Boiron, CEO of Polygon Labs, considers the Amina partnership a turning point for the Polygon ecosystem and the banking industry. He highlighted that the latest development underscores a growing trend where banks are no longer just accumulating tokens. Instead, they are now taking a more active role in network participation.
“Institutions aren’t just buying tokens anymore; they want to participate in the networks that matter,” said Boiron. “POL is engineered to scale the internet’s value layer, and this initiative gives real capital a regulated, bank-grade entry point to secure it.”
Final Thoughts
Amina’s launch of POL staking strongly validates what the convergence of regulated finance and decentralized technology could do. It departs from the old narrative of traditional finance (TradFi) vs decentralized finance (DeFi).
The move showcases a clear template of how TradFi and DeFi’s fusion could create more opportunities and unlock more value.
