Switzerland’s state-owned financial giant, PostFinance AG, has launched an Ethereum (ETH) staking service — allowing users to earn rewards while strengthening blockchain security.
The initiative is part of the bank’s ongoing expansion into digital assets.
The new program was launched on 16th January and allows customers to stake as low as 0.1 Ethereum. There’s a 12 week lock-up requirement before the rewards can be given out.
Further integration
In the future, the state-owned bank plans to offer the same service with additional cryptocurrencies. The lender did not give a timeframe or specify which cryptocurrencies it would add first.
PostFinance made its first entry into the crypto market by April 2023. Through a partnership, it offered trading and custody to 2.5 million of its customers. Early 2024 the bank expanded their offerings by offering users 11 digital currencies to trade and crypto-savings plans.
PostFinance’s commitment to the adoption of blockchain technology is strengthened with its addition of Ethereum stake. This latest move highlights the bank’s efforts to merge traditional finance with emerging decentralized technologies.
Switzerland’s growing blockchain ecosystem
Ethereum stakes are being introduced amid a growing interest for digital currencies, both in Switzerland and in other countries such as the US.
In December 2024, Swiss crypto advocates initiated a campaign to hold a national referendum proposing the inclusion of Bitcoin (BTC) in the Swiss National Bank’s reserves. While the central bank has expressed reservations, the proposal reflects Switzerland’s progressive approach to digital assets.
Additionally, the Swiss canton of Bern recently approved a study to explore Bitcoin mining’s role in stabilizing the electrical grid and utilizing surplus energy. These efforts underscore Switzerland’s leadership in blockchain innovation.
PostFinance’s expansion into Ethereum staking reinforces its role as a key player in the evolving financial landscape, aligning with the country’s ambitions to remain a global hub for digital assets.
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