AMINA Bank Offers Regulated Polygon Staking Services to Institutional Investors
AMINA Bank AG, a Swiss FINMA-regulated crypto bank, has launched staking services, becoming the first financial institution globally to offer institutional staking for the Polygon (POL) token. This service allows institutional investors to engage with the Polygon network within a regulated framework.
Key Developments
- Institutional investors can participate in Polygon's governance and earn up to 15% in staking rewards through AMINA, due to a partnership with the Polygon Foundation.
- Staking through AMINA requires compliance with Swiss KYC and AML regulations, ensuring a secure process for institutional clients.
- Polygon controls approximately 30% of the remittances market share, with high stablecoin activity. The collaboration with AMINA aims to capitalize on increased demand.
Polygon's Recent Achievements
- Polygon is gaining traction in the Real World Asset (RWA) tokenization ecosystem, holding over $1.13 billion in Total Value Locked (TVL) from RWAs.
- Recently deployed the "Rio" upgrade on the Amoy testnet, enhancing the network to handle up to 5,000 transactions per second with initiatives like PIP-64 and the Validator-Elected Block Producer (VEBloP).