Liechtenstein Bank Wagers Large Amount on Blockchain Platform POL, Asper Sandeep Nailwal of Polygon Speaks Up
In a significant development for the cryptocurrency world, Polygon, a leading blockchain platform, has caught the attention of traditional finance with Bank Frick, a fully regulated European bank, processing transactions worth $15.4 million in Polygon (POL) in August 2025.
Sandeep Nailwal, co-founder of Polygon and CEO of Polygon Foundation, expressed his excitement about this development, suggesting that Polygon's utility is expanding beyond just DeFi and NFTs. He considers this engagement as indicative of Polygon's growing adoption in the traditional banking system.
The high volume of transactions suggests a significant level of engagement and activity through Bank Frick. This move indicates that the traditional finance institution is taking the cryptocurrency seriously, reflecting the growing acceptance of blockchain technology in mainstream finance.
Bank Frick has been working with cryptocurrencies since 2018. The major upgrade on Polygon in June 2025, which aimed to enhance security and improve the network's performance speed, might have contributed to its adoption by Bank Frick. The upgrade reduced the finality time from 90 seconds to 5 seconds, addressing a concern in traditional finance.
The upgrade in June 2025 also marked the completion of the migration from MATIC to POL. POL became the native gas and staking token, enhancing network security, scalability, and cross-chain interoperability. This upgrade was driven by Polygon's development team and the community, with 99% of the token transfer completed by September 2025.
Sandeep Nailwal celebrated this notable achievement by Bank Frick with a post on X. As of press time, Polygon is trading at $0.2801, with a 2.08% increase in the last 24 hours.
Vladislav Sopov, possibly a commentator or analyst, mentioned Sandeep Nailwal's prediction of "thousands of very niche chains," indicating a promising future for Polygon and the broader cryptocurrency industry. The growth in Polygon's adoption by traditional finance institutions like Bank Frick underscores this potential.
