Latest news with #AMINABank
Business Wire
20 hours ago
- Business
- Business Wire
AMINA Bank Taps Banking Leader Michael Benz to Lead APAC Expansion
HONG KONG--(BUSINESS WIRE)-- AMINA Bank AG ("AMINA Bank"), a Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank with global reach, has appointed Michael Benz as Head of AMINA Hong Kong and the wider APAC region. Benz brings over three decades of senior leadership to AMINA Hong Kong, including Global Head of Private Banking at Standard Chartered, CEO of Merrill Lynch Wealth Management Asia, and Head of Product & Services at UBS Wealth Management APAC. The appointment, following AMINA's record 2024 performance, positions AMINA to capitalise on Hong Kong's evolving regulatory framework and accelerating institutional adoption across the region. Michael will report directly to CEO Franz Bergmueller. Of the appointment, Franz Bergmueller, CEO of AMINA Bank, said: "Michael's expertise in both traditional finance and crypto makes him the ideal leader to continue our expansion across Asia. His exceptional network and deep understanding of client needs will allow us to continue evolving our crypto products and capabilities. Michael's leadership ensures that we can deliver the comprehensive, regulated crypto services that our sophisticated clients demand in the region." The appointment follows a record-breaking 2024 for AMINA Bank, which achieved 69% revenue growth to reach $40.4 million, making it Switzerland's fastest-growing crypto bank. Hong Kong's regulatory environment has reached new levels of maturity with the Securities and Futures Commission's ASPIRe roadmap rollout, the Hong Kong Monetary Authority's stablecoin licensing framework that became effective August 1, and the government's Digital Asset Policy 2.0 initiative, creating unprecedented opportunities for institutional-grade crypto banking services. With a proven track record serving private, corporate, and institutional clients across Asia, Michael combines deep market knowledge and a steadfast commitment to client needs. His expertise positions him to help AMINA capitalise on Hong Kong's emergence as a global crypto hub, while delivering the trusted partnership that clients require when embracing crypto innovation. "My two decades in Asia have shown me that Hong Kong uniquely prioritises practical business adoption in a regulated environment, and crypto technology is no exception,' said Michael. 'This creates an extraordinary opportunity for institutions, corporates, and professional investors exploring this new asset class. What drew me to AMINA is their distinctive approach, combining regulatory excellence and rigor with Hong Kong market access to deliver crypto solutions that clients can trust. I look forward to contributing to AMINA's journey as we shape the future of financial services in Hong Kong and beyond.' With Michael onboard, AMINA is poised to accelerate the expansion of its comprehensive crypto banking services while upholding strong regulatory oversight across all markets. Enhanced technology platforms launching in H2 2025, combined with new strategic partnerships in Hong Kong, will further strengthen AMINA's position as the essential infrastructure for institutional crypto adoption. 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.
Yahoo
03-07-2025
- Business
- Yahoo
Swiss Bank AMINA Introduces Custody, Trading With Ripple's RLUSD Stablecoin
Swiss crypto-focused bank AMINA Bank started offering clients services with Ripple USD (RLUSD), Ripple's recently launched stablecoin pegged to the U.S. dollar on Thursday. The firm has claimed the bragging rights of becoming the first globally operating bank to support RLUSD, according to a press release shared with CoinDesk. The bank said it would initially provide custody and trading for RLUSD, targeting institutional clients and professional investors seeking compliant stablecoins. The bank plans to expand services with the token in the coming months. The move comes as stablecoins are increasingly becoming part of financial systems and payments, with jurisdictions putting rules in place to regulate the asset class. Stablecoins are a $250 billion asset class and a rapidly growing group of cryptocurrencies, with their prices pegged to predominantly fiat currencies like the U.S. dollar. Ripple's RLUSD, backed by U.S. Treasuries and regulated by the New York Department of Financial Services, has a $430 million supply. AMINA said it aims to bridge traditional banking and crypto infrastructure, giving its client base access to emerging financial instruments with regulatory guardrails. Based in Zug and licensed by Switzerland's FINMA, the bank also operates regulated hubs in Hong Kong and Abu in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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.
Cision Canada
16-06-2025
- Business
- Cision Canada
DeFi Technologies Venture Portfolio Company AMINA Bank Delivers Record Growth in 2024
Transformational Growth: AMINA Bank, a DeFi Technologies venture portfolio company, grew AUM by 136% to US$4.2B and increased revenue by 69% to US$40.4M in 2024, achieving quarterly profitability in Q4. Strategic Validation: DeFi Technologies made an investment of US27.35M (CHF 25M) when AMINA Bank had approximately US$1B AUM. The growth of AMINA Bank reinforces the Company's venture strategy and conviction in regulated digital asset banking and services. Global Expansion & Resilience: AMINA Bank doubled banking revenues across jurisdictions, grew Abu Dhabi and Hong Kong operations by 150% and 570% YoY respectively, and maintained zero lending defaults and capital ratios far above regulatory requirements. TORONTO, June 16, 2025 /CNW/ - DeFi Technologies Inc. (the " Company" or " DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), is pleased to an update on record-breaking full-year 2024 results by its venture portfolio company, AMINA Bank AG (" AMINA Bank"), a Swiss-licensed digital asset bank. DeFi Technologies holds a 5.07% equity stake in AMINA Bank, having participated in the company's Series C fundraising round with an investment of US$27.35 million (CHF25 million or CAD 34.25 million as of Jan 12, 2022) at a time when AMINA Bank's assets under management (" AUM") stood at approximately US$1 billion. The investment is a core component of DeFi Technologies' DeFi Ventures strategy and reflects the Company's mission to support innovative, institutional-grade financial infrastructure driving digital asset adoption worldwide. Since DeFi Technologies' initial investment, AMINA Bank has executed a global transformation and posted outstanding financial results in 2024, including: AMINA's growth is underpinned by strong fundamentals, with a Liquidity Coverage Ratio of 228% and a CET1 capital ratio of 34% — more than double the regulatory requirement — positioning the bank for long-term resilience and expansion. "We invested in AMINA Bank when its AUM was just over $1 billion, and to see it more than quadruple in just three years is a clear validation of our investment thesis," said Olivier Roussy Newton, CEO of DeFi Technologies. "AMINA Bank is not just growing — it is shaping the future of crypto banking. Its expansion into Asia and the Middle East, zero-default lending record, and rising B2B2C traction show that it's uniquely positioned to meet the needs of both retail and institutional clients in a fast-evolving financial landscape." Geographically, AMINA Bank's Abu Dhabi operations grew revenue by 150% YoY, and Hong Kong by 570% YoY. Across all jurisdictions, banking revenues doubled. This global growth reflects AMINA Bank's pivot to a scalable, client-first banking model supported by cutting-edge technology and strategic partnerships with key players in both Web3 and traditional finance. Looking ahead, AMINA Bank is set to launch a next-generation crypto banking platform and mobile experience in 2025, underpinned by a modern, API-first architecture designed to support B2C, B2B, and B2B2C offerings. This performance reinforces DeFi Technologies' strategy of investing in foundational infrastructure at the intersection of traditional and decentralized finance. The Company remains focused on driving long-term value for shareholders through targeted exposure to the most innovative and institutional-ready platforms in the digital asset ecosystem. For further information on AMINA's Q4 2024 and FY 2024 results, visit: About AMINA — Crypto. Banking. Simplified. Founded in April 2018 and headquartered in Zug, AMINA Bank is a pioneer in the financial industry. In August 2019, AMINA received a Swiss banking and securities dealer license from FINMA. The broad, vertically integrated spectrum of services, combined with the highest security standards, make AMINA's value proposition unique. AMINA operates globally from its regulated hubs in Switzerland, Abu Dhabi, and Hong Kong to offer fiat and crypto services to progressive investors, traditional and crypto-native alike, whether individuals, corporates, or institutions. CVVC Global Report and CB Insights named AMINA as one of the Top 50 Companies within the blockchain ecosystem. Aite Group awarded AMINA their 2021 Digital Wealth Management Impact Innovation Award in the 'Digital Startup of the Year' category, and LinkedIn listed AMINA as one of the Top Startups 2021 in Switzerland. In 2022, AMINA won the Digital Assets Offering or Service at the WealthBriefing Swiss EAM Awards, and the bank was also recognised for its product offering SEBAX and won the Best ETP of the Year award at the Swiss ETF Awards 2022. In 2023, AMINA won the European WealthBriefing Award in the Digital Assets Solution, Fund Manager category. To learn more about AMINA, visit About DeFi Technologies DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance (" DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over sixty-five of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit DeFi Technologies Subsidiaries About Valour Valour Inc. and Valour Digital Securities Limited (together, " Valour") issues exchange traded products (" ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit About Stillman Digital Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit About Reflexivity Research Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit About Neuronomics AG Neuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit Analyst Coverage of DeFi Technologies A full list of DeFi Technologies analyst coverage can be found here: For inquiries from institutional investors, funds, or family offices, please contact: ir@ Cautionary note regarding forward-looking information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the business plans of AMINA Bank; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the ability of AMINA Bank to execute on its business plans; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; fluctuation in digital asset prices; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
