Grupo Santander’s digital arm, Openbank, has taken a decisive step into crypto by adding Polygon (POL) to its suite of investable assets, alongside Bitcoin, Ether, Litecoin, and Cardano.

The service launched this week in Germany and is set to expand into Spain in the coming weeks, marking one of the clearest signals that traditional banks are moving to normalize crypto exposure for retail clients under Europe’s Markets in Crypto-Assets Regulation (MiCA) framework.

For German customers, POL crypto can now be bought, sold, and held directly within their Openbank accounts, eliminating the need to transfer capital to third-party platforms.

Transactions carry a 1.49% fee per trade (minimum €1), with no custody charges, aligning Openbank’s crypto pricing with standard brokerage fees.

Polygon Is Silently Consolidating as King of Real World Assets

The launch comes as Polygon consolidates its position as a key blockchain for real-world asset (RWA) tokenization.

This week, a new report from Dune and RWA.xyz highlighted that Polygon PoS secures $1.13Bn in RWA total value locked (TVL), spanning 269 assets.

This represents a 62% share of the tokenized global bonds market, underscoring Polygon’s growing dominance in one of the fastest-expanding verticals in crypto.

(Source – XYZ)

Santander’s endorsement brings traditional investor credibility to POL at a time when institutional attention on RWAs and tokenization is accelerating, and with Nasdaq exploring tokenized securities and European money market funds already anchoring on Polygon, the convergence of regulated banking and blockchain infrastructure signals rising confidence in POL as a long-term asset.

The question now is whether this momentum will translate into sustained price performance for POL, which is a question we’ll explore in the following analysis.

POL Price Analysis: Can Polygon Price Bounce to $0.30?

Market Cap

As Santander opens the door to fresh capital, POL price is currently trading at a market price of $0.25 (Representing a 24-hour change of -2.45%).

This comes as POL trades in a 4-month trading channel on the HTF, which has seen prices steadily increase from a double-bottomed support pattern above $0.16 (a +53% recovery gain).

(Source – POLUSDT, TradingView)

Yet, despite the bullish boost to Polygon fundamentals, the news comes at a time of weakness in the POL price chart, with the loss of 20DMA support on Monday teasing the possibility of a drop down to the lower trading channel at $0.235.

Yet, bulls are fighting on, and there is a foothold to win above $0.24. This could set the stage for a re-test of the 20DMA support presently at $0.27, a view backed by the RSI indicator, which is signalling bullish divergence at 46.

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Alex Ioannou
Alex Ioannou
On-Chain Journalist

Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More

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