A monumental move for the global cryptocurrency sector has officially taken place as the Switzerland state-owned bank, PostFinance AG, has officially launched Ethereum staking. Indeed, the bank has introduced staking as a key part of its cryptocurrency expansion, according to a new Bloomberg report.

The announcement is among a flurry of pro-cryptocurrency moves taking place since the start of the new year. With big things expected within the industry in 2025, large-scale financial institutions are getting in on the changes. Now, the Switzerland state-owned bank has joined the growing list.

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Switzerland State-Owned Bank Officially Launches Ethereum Staking

After a monumental year in 2024, big things are expected within the digital asset sector. In just four days, US President-elect Donald Trump is inaugurated to begin his second nonconsecutive term as commander in chief. That should bring with it a flurry of changes to the nation’s regulatory standards as he emerges as the first true pro-crypto president in US history.

Yet, the optimism in the asset class has not simply been present in the North American country. There are a host of institutions and companies seeking to get ahead of the ongoing surge that already saw Bitcoin reach a six-figure price late last year. The latest is the Swiss state-owned PostFinance AG bank, which has now launched Ethereum staking as part of its crypto expansion.

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Source: CryptoSlate

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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 said that it remains the first “systemically important bank to offer staking.” Additionally, the development takes place as enthusiasm for the asset class in Switzerland is increasing. Moreover, 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.