PostFinance, Switzerland’s state-owned financial company, now offers Ethereum staking to its 2.7 million customers. Customers can stake as little as 0.1 Ether starting January 16, with a set 12-week lock-up period before accessing staking rewards.
This approach demonstrates PostFinance’s continued commitment to incorporating blockchain technology into its offerings. The bank’s new staking service connects directly to the Ethereum blockchain, allowing users to manage their staked Ether alongside their other crypto assets via PostFinance’s existing website.
Although only Ether staking is now available, the bank intends to extend staking services for other cryptocurrencies in the future. This move is part of PostFinance’s larger goal to improve its crypto services, following a previous agreement with Sygnum Bank that enabled crypto trading and custody services in 2023.
The launch of Ethereum staking establishes PostFinance as a prominent player in Switzerland’s burgeoning blockchain ecosystem, demonstrating the country’s progressive attitude toward digital currencies. This development also highlights the expanding use of blockchain technology in the financial industry, indicating a trend toward combining traditional banking with new decentralized finance.
