AMINA Bank First to Support Ripple's RLUSD
AMINA Bank Pioneers Ripple's RLUSD Stablecoin
AMINA Bank, a Swiss institution regulated by FINMA, has announced it will support Ripple's new stablecoin, RLUSD, becoming the first global bank to offer custody and trading services for this USD-pegged digital asset. This move marks a significant step forward for the adoption of stablecoins within traditional finance.
Key Highlights:
- First Global Bank: AMINA Bank is the first globally to offer RLUSD trading and custody services.
- Launch Date: RLUSD services will be available to clients starting July 3rd.
- Secure Custody: FINMA regulation ensures secure and compliant custody of client assets.
- Target Clients: Initial access will be granted to professional investors, institutions, and corporations.
The bank aims to provide a secure gateway for clients to access the Ripple stablecoin ecosystem. According to Myles Harrison, AMINA Bank's Chief Product Officer, this initiative reflects the bank's commitment to offering clients access to cutting-edge digital finance technologies. He highlighted Ripple's commitment to transparency and regulatory compliance as a key factor in the partnership.
Growing Demand for Regulated Stablecoins
This move is driven by increasing demand from businesses and investors for safer options for stablecoin storage and management. The stablecoin market is experiencing growth, and RLUSD, with its $440 million market capitalization (as of June 2025), demonstrates this trend. This figure is expected to grow with increased adoption by banks and corporations.
Enhanced Security and Regulatory Compliance
AMINA Bank's FINMA regulation addresses concerns surrounding the security and legitimacy of crypto assets. This regulatory oversight provides clients with confidence in the safety and compliance of their digital asset holdings. AMINA Bank plans to expand its stablecoin services in the coming months, offering a comprehensive platform for transfers, payments, and investments using digital assets.
Ripple's Expansion and Mainstream Adoption
This partnership could significantly aid Ripple's efforts to integrate digital assets into the mainstream financial system. The collaboration with a reputable Swiss bank lends credibility and could encourage other banks to follow suit.
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AMINA Bank's adoption of RLUSD underscores the increasing integration of cryptocurrencies into traditional financial systems. The demand for regulated and secure digital assets is growing, and partnerships like this are paving the way for wider adoption.