Swiss state-owned PostFinance AG launched Ethereum Staking

Ethereum Foundation


In a dramatic move, Swiss state-owned bank PostFinance AG has officially launched a stake in Ethereum. In particular, the bank introduced shares as a key part of its cryptocurrency expansion, according to a recent Bloomberg report.

Since the beginning of the new year, major financial institutions have joined the ranks of pro-cryptocurrency activities. The latest to join this trend is a state-owned bank in Switzerland, which is adding to the list of institutions that will embrace changes in the industry before 2025.

Specifically, Ethereum staking allows users to earn rewards by verifying transactions on the blockchain. The entry of Post Finance, a state-owned bank, into this space underscores its belief in cryptocurrency as a legitimate financial option.

According to the statement, the bank will introduce shares for other tokens “in the near future”. Specifically, staking refers to pledging to verify transactions on a particular blockchain in order to earn more tokens. The development came from the bank in the year It is after launching crypto trading and regulatory services in 2024.

Tokenmetrics

PostFinance AG said it was the first “systemically important bank” to offer a stake. Highlighting the growing enthusiasm for cryptocurrency in Switzerland. Additionally, Swiss authorities have introduced a proposal that would allow the central bank to purchase and hold bitcoin as a strategic reserve. The plan is expected to be a key part of Donald Trump's return to office.

Pin It on Pinterest