Swiss State Bank Launches Ethereum Staking Service

Swiss state-owned bank PostFinance introduced an Ethereum staking service designed for clients of all experience levels. The service minimizes technical complexities, offers a fixed 12-week deposit period for ETH, and provides weekly reward payouts.

PostFinance announced the launch of Ethereum staking for retail clients, available through the bank’s mobile app. The service features a low entry threshold as the bank handles all technical aspects of asset deposits.

The minimum staking amount is 0.1 ETH, and the staking period is fixed at 12 weeks. Rewards are credited weekly in ETH and can be sold or reinvested immediately. The bank charges a 20% fee on the value of earned rewards for its services.

Alexander Thoma, Head of Digital Assets at PostFinance, highlighted in the press release that Ethereum staking is fully integrated with the bank’s existing services. Clients can view staking rewards alongside other crypto-assets in reports, consolidating all necessary information for tax filing in one place.

PostFinance plans to expand staking services to other Proof-of-Stake (PoS) cryptocurrencies in the near future.

In August 2024, DeFi protocol Lido Finance launched an institutional-grade liquid staking solution for Ethereum, broadening investment opportunities for corporate structures. Notably, according to Google Finance, crypto staking in 2024 was 450% more profitable than dividends from S&P 500 companies.