Swiss state-owned lender PostFinance deepens crypto push with Ethereum staking debut
Switzerlands 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 banks ongoing expansion into digital assets.
The program, unveiled on Jan. 16, lets customers stake as little as 0.1 ETH, with a 12-week mandatory lock-up period before rewards are distributed.
Additional integration
The state-owned lender also announced plans to extend the service to include additional cryptocurrencies in the future. However, it did not specify the timeline or which ones it intends to add first.
PostFinance first entered the crypto market in April 2023 through a partnership with Sygnum Bank, offering trading and custody services to its 2.5 million customers. The bank broadened its offerings in early 2024 by enabling users to trade 11 digital currencies and set up crypto savings plans.
With the addition of Ethereum staking, PostFinance is deepening its commitment to blockchain adoption. This latest move highlights the banks efforts to merge traditional finance with emerging decentralized technologies.
Switzerlands growing blockchain ecosystem
The introduction of Ethereum staking comes amid rising interest in digital currencies in Switzerland and other countries, including 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 Banks reserves. While the central bank has expressed reservations, the proposal reflects Switzerlands progressive approach to digital assets.
Additionally, the Swiss canton of Bern recently approved a study to explore Bitcoin minings role in stabilizing the electrical grid and utilizing surplus energy. These efforts underscore Switzerlands leadership in blockchain innovation.
PostFinances expansion into Ethereum staking reinforces its role as a key player in the evolving financial landscape, aligning with the countrys ambitions to remain a global hub for digital assets.
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Text source: CryptoSlate
