Amina Launches First Compliant Staking Service for Polygon Tokens
Amina, a crypto bank regulated in Switzerland, has achieved a notable milestone by introducing the first compliant staking service for Polygon (POL) tokens on a global scale. This innovative program, officially announced on October 9, allows eligible clients—ranging from asset managers to pension funds—to earn rewards while simultaneously contributing to the security of the Polygon network.
Staking Rewards and Institutional Engagement
Participants can earn returns of up to 15%, thanks to a combination of a base yield of 4-5% and additional rewards from the Polygon Foundation. This initiative represents a significant step towards increasing institutional engagement in blockchain technology, shifting the focus from mere token investments to active involvement in network security and governance.
By adhering to stringent custody, governance, and risk management protocols, Amina ensures that its staking service aligns with traditional financial standards.
Collaboration with Polygon Foundation
The collaboration with the Polygon Foundation facilitates this blurred line between the web3 ecosystem and conventional finance, particularly following Amina’s earlier offerings related to POL custody and trading.
“We aim to bridge the gap between traditional finance and important blockchain networks,”
stated Myles Harrison, Amina’s Chief Product Officer. He asserted that this staking service would not only provide financial rewards but also enhance the overall stability of the increasingly recognized Polygon ecosystem.
Polygon’s Growing Influence
Furthermore, Polygon has attracted the attention of prominent financial institutions such as BlackRock, JPMorgan, and Franklin Templeton for various applications, including tokenization and on-chain finance. Currently, the network is responsible for nearly $3 billion in stablecoins and leads the market in USD Coin (USDC) micro-payments, having recently achieved over $1 billion in tokenized real-world assets.
Industry Impact and Growth Trajectory
Marc Boiron, the CEO of Polygon Labs, hailed the partnership with Amina as a significant development in the industry, highlighting a shift in institutional behavior towards not just purchasing tokens but actively engaging in relevant networks. Amina’s timing for this launch coincides with its own impressive growth trajectory, as evidenced by a 69% increase in revenue to $40.4 million in 2024 and a remarkable 136% rise in assets under management.
