Latest news with #AMINA
Business Wire
5 days ago
- Business
- Business Wire
AMINA Bank Becomes First Bank Globally to Support SUI Trading and Custody as it Enters Wider Public Markets
ZUG, Switzerland--(BUSINESS WIRE)-- AMINA Bank AG ("AMINA"), a Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank with global reach, today becomes the first regulated bank worldwide to offer custody and trading services for SUI, the native token of the Sui blockchain, renowned for its speed, scalability, and institutional-grade applications. Staking on SUI will be available to clients in the coming months. This announcement comes as SUI makes strides into the wider public markets with multiple SUI ETF filings underway, including Canary Capital's formal SEC review, 21Shares' Nasdaq filing, and inclusion in Bitwise's crypto index ETF. This demonstrates growing institutional recognition of Sui's technical differentiation, with AMINA providing its clients with early access ahead of broader public market integration. Myles Harrison, Chief Product Officer of AMINA Bank, said: "AMINA's role extends beyond providing access. We identify and enable institutional participation in breakthrough technologies before they reach mainstream markets. What sets Sui apart is that it's been built specifically to replace Web2 infrastructure in businesses, offering efficiencies that many other Layer-1s simply cannot match. We're already seeing traditional businesses building on Sui, and we're proud to be the first bank globally to provide our clients with regulated access to what represents the next generation of Layer-1 technology." AMINA's SUI offering provides clients with built-in deposit and withdrawal governance designed to support compliance and audit readiness. In addition, there are no volume caps or trading limits so clients can size positions in line with their strategy. 'SUI access on AMINA is yet another marker of interest as the Sui ecosystem continues its rapid expansion to more institutional surfaces around the world,' said Alonso de Gortari, Chief Economist & Director of Product, Finance, Mysten Labs. 'Sui's underlying technology was built for the scale that banks and large enterprises require, while AMINA's institutional-grade infrastructure and client-base accelerates our work to drive the global expansion and adoption of Sui." The Sui blockchain was built for the latency-sensitive applications institutions require. Unlike many emerging networks, in just two short years, Sui has emerged as a formidable Layer-1 with total value locked reaching $2.2 billion. As institutional crypto adoption accelerates and ETF developments provide validation for emerging digital assets, Sui represents the next evolution in blockchain infrastructure. With its combination of technical performance, fundamental growth metrics, and enterprise-focused design, Sui is positioned as a key component in the expanding digital asset ecosystem that AMINA enables secure access to through regulated banking infrastructure. Certain products and services may not be available to all clients based on legal and regulatory considerations. About AMINA – Crypto. Banking. Simplified. Founded in April 2018 and established in Zug (Switzerland), AMINA Bank AG is a pioneer in the crypto banking industry. In August 2019, AMINA Bank AG received the Swiss Banking and Securities Dealer License from the Swiss Financial Market Supervisory Authority ("FINMA"). In February 2022, AMINA Bank AG, Abu Dhabi Global Markets ("ADGM") Branch received Financial Services Permission from the Financial Services Regulatory Authority ("FSRA") of ADGM. In November 2023, AMINA (Hong Kong) Limited received its Type 1, Type 4 and Type 9 licenses from the Securities and Futures Commission ("SFC"). To learn more about AMINA, visit About Sui Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences. For more information about Sui, please visit
Business Wire
03-07-2025
- Business
- Business Wire
AMINA Becomes the First Bank Globally to Support Ripple USD (RLUSD) as Demand for Stablecoins Surges
ZUG, Switzerland--(BUSINESS WIRE)-- AMINA Bank AG ('AMINA Bank'), a Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank with global reach, today becomes the first bank globally to directly support Ripple USD (RLUSD), a stablecoin valued one-to-one to the US dollar, offering a blend of stability, efficiency, and regulatory compliance. At launch, custody and trading services will be available to AMINA clients holding RLUSD, establishing a foundation for expanded services in the coming months. "AMINA will enable its client base of professional investors, institutions, and corporations to access Ripple's stablecoin ecosystem with the security and governance clients expect from a traditional banking partner." Share Myles Harrison, Chief Product Officer of AMINA Bank, said: 'At AMINA Bank, we are committed to integrating cutting-edge products so that our clients may best-navigate and adopt digital assets in their day-to-day activities. We are proud to be the first bank to support RLUSD and to provide our clients with access to one of the most anticipated digital assets in the market. Ripple's commitment to transparency and compliance make them ideal collaborators as we continue our mission to expand institutional-grade digital asset services.' With a market capitalisation exceeding $440 million as of June 2025, RLUSD is gaining momentum as a compliant and trusted asset for institutions seeking stablecoin exposure. As a FINMA-regulated institution, AMINA will enable its client base of professional investors, institutions, and corporations to access Ripple's stablecoin ecosystem with the security and governance clients expect from a traditional banking partner. AMINA Bank's RLUSD offering comes amid a surge in demand for regulated stablecoins. With the acceleration of institutional adoption and demand for regulated solutions, AMINA has established itself as an essential infrastructure provider at crypto's critical inflection point. As the first bank globally to offer its clients access to RLUSD, AMINA Bank continues to deliver the latest digital economy trends to its diverse individual, institutional and corporate client base. Certain products and services may not be available to all clients based on legal and regulatory considerations. About AMINA — Crypto. Banking. Simplified. Founded in April 2018 and established in Zug (Switzerland), AMINA Bank AG is a pioneer in the crypto banking industry. In August 2019, AMINA Bank AG received the Swiss Banking and Securities Dealer License from the Swiss Financial Market Supervisory Authority (' FINMA '). In February 2022, AMINA Bank AG, Abu Dhabi Global Markets (' ADGM ') Branch received Financial Services Permission from the Financial Services Regulatory Authority (' FSRA ') of ADGM to Advise on Investments or Credit, Arrange Deals in Investment, Arrange Credit and Arrange Custody for Professional Clients as defined in the Conduct of Business (' COBS ') Rulebook. In November 2023, AMINA (Hong Kong) Limited received its Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses from the Securities and Futures Commission (' SFC '). CVVC Global Report and CB Insights named AMINA as one of the Top 50 Companies within the blockchain ecosystem. In 2023, AMINA won the European WealthBriefing Award in the Digital Assets Solution, Fund Manager category. AMINA was most recently recognised as Institutional Digital Asset Innovation of the Year at the Hedgeweek® Global Digital Assets Awards 2025. To learn more about AMINA, visit Ripple USD (RLUSD) is Ripple's USD-denominated stablecoin, designed to maintain a constant value of one US dollar. RLUSD is issued natively on the XRP Ledger and Ethereum blockchains, and is fully backed by a segregated reserve of cash and cash equivalents, redeemable 1:1 for US dollars. RLUSD enables real-time, secure, compliant payments and easy fiat to stablecoin on/off ramps for exchanges, fintechs, crypto onramps, and more. Standard Custody, a wholly owned subsidiary of Ripple Labs and the issuer of RLUSD, is chartered and supervised by NYDFS as a limited purpose trust company — it is required to be backed 100% by highly liquid, short-term, transparent reserves. Standard Custody adheres to high safety and soundness standards, including NYDFS customer protection and reserve requirements, as well as redemptions with strict SLAs.
