AMINA Bank AG, a Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank based in Zug, Switzerland, has become the first bank globally to directly support Ripple USD (RLUSD). RLUSD is a stablecoin pegged one-to-one with the US dollar, designed to combine stability with transactional efficiency and regulatory compliance.
Initially, AMINA Bank clients will have access to custody and trading services for RLUSD. The bank plans to introduce expanded services related to the stablecoin in the coming months, aiming to provide professional investors, institutions, and corporations with secure and governed access to Ripple’s stablecoin ecosystem, consistent with expectations from traditional banking partners.
Myles Harrison, Chief Product Officer of AMINA Bank, stated, “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.”
RLUSD, which exceeded a market capitalization of $440 million as of June 2025, is issued natively on both the XRP Ledger and Ethereum blockchains. It is fully backed by a segregated reserve of cash and cash equivalents, ensuring its 1:1 redeemability for US dollars. The stablecoin’s issuer, Standard Custody—a wholly owned subsidiary of Ripple Labs—is chartered and supervised by the New York Department of Financial Services (NYDFS) as a limited purpose trust company, adhering to stringent safety, soundness, customer protection, and reserve requirements.
AMINA Bank’s introduction of RLUSD support aligns with a growing institutional demand for regulated stablecoins. The bank positions itself as a critical infrastructure provider in the evolving digital asset landscape, responding to the acceleration of institutional adoption of regulated solutions. This initiative reinforces AMINA Bank’s commitment to delivering the latest digital economy trends to its diverse individual, institutional, and corporate client base.
Established in April 2018, AMINA Bank AG secured its Swiss Banking and Securities Dealer License from FINMA in August 2019. Its global footprint expanded with Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Markets (ADGM) for its Abu Dhabi branch in February 2022. Furthermore, AMINA (Hong Kong) Limited obtained Type 1 (Dealing in Securities), Type 4 (Advising on Securities), and Type 9 (Asset Management) licenses from the Securities and Futures Commission (SFC) in November 2023. AMINA has been recognized for its contributions to the blockchain ecosystem, including being named among the Top 50 Companies by the CVVC Global Report and CB Insights, winning the European WealthBriefing Award in 2023 for Digital Assets Solution, Fund Manager category, and receiving the Institutional Digital Asset Innovation of the Year at the Hedgeweek® Global Digital Assets Awards 2025.
