In a remarkable development, Switzerland state-owned bank, PostFinance AG, has officially launched Ethereum staking. Notably, the bank has introduced staking as a key part of its cryptocurrency expansion, according to a latest Bloomberg report.
Since the start of the new year, there has been a surge in pro-cryptocurrency moves, with major financial institutions getting involved. The latest to join this trend is a state-owned bank in Switzerland, adding to the growing list of institutions embracing changes in the industry ahead of 2025.
Notably, Ethereum staking enables users to earn rewards by helping validate transactions on the blockchain. PostFinance, a state-owned bank, entering this space underscored the increasing trust in cryptocurrency as a legitimate financial option.
🎉 We’re expanding our crypto service and introducing staking. This will allow our customers to generate passive income by depositing cryptocurrencies. ➡️ Find out more: https://t.co/YP7MIYH64d pic.twitter.com/dNJikbcJml
— PostFinance (@PostFinance) January 16, 2025
According to a statement, the bank will introduce staking for other tokens in the “near future.” Specifically, the process of staking refers to pledging tokens to validate transactions on a specified blockchain to earn more tokens. The development comes after the bank launched crypto trading and custody services in 2024.
PostFinance AG has noted that it remains the first “systemically important bank to offer staking.” highlighting growing enthusiasm for cryptocurrency in Switzerland. Besides, Swiss officials have introduced a proposal to direct its 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.
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