Cryptocurrencies
Swiss State-Owned Bank PostFinance Expands in Crypto With Ethereum Staking
A PostFinance building in Bern, Switzerland.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Swiss state-owned bank PostFinance AG expanded its digital-asset offering by introducing staking, allowing holders of the second-biggest cryptocurrency Ether to earn passive income.
PostFinance will add staking for other tokens in the “near future,” according to a statement on Thursday. Staking refers to the practice of pledging cryptoassets to validate blockchain transactions and earning more tokens.