Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin

Swiss crypto-focused financial institution AMINA Bank announced providing custody and trading services for Ripple’s RLUSD stablecoin. 

On 3 July 2025, the Swiss FINMA (Financial Market Supervisory Authority) regulated crypto bank said in a press release, “Custody and trading services will be available to AMINA clients holding RLUSD, establishing a foundation for expanded services in the coming months.”

Commenting on the development, Myles Harrison, Chief Product Officer of AMINA Bank said, “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.”

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“Ripple’s commitment to transparency and compliance make them ideal collaborators as we continue our mission to expand institutional-grade digital asset services,” Harrison added.

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AMINA is Targeting Institutional Clients, Professional Investors

Furthermore, AMINA intends to broaden its RLUSD-related services in the coming months. This reflects growing demand for digital assets in the financial sector. Importantly, Switzerland has long positioned itself as a global leader in crypto innovation, with Zug often being called “Crypto Valley.”

AMINA Bank’s CEO commented, “Our goal is to bridge the gap between traditional banking and the emerging world of digital assets, providing our clients with secure, regulated access to innovative financial instruments.” 

Hence, the bank pioneering the Ripple stablecoin could prompt other Swiss and international banks to follow the lead. 

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Ripple Files for US Banking License for XRP and RLUSD

https://twitter.com/Alex1i9/status/1941098254424592699?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow

Notably, the company behind XRP has applied for a national banking charter in the US, aiming to bring its RLUSD stablecoin under direct federal oversight. This isn’t just about checking boxes. It’s a strategic attempt to give RLUSD a stronger foundation. It could also open the door to a deeper role in the financial system. If approved, the Ripple banking license would allow the company to hold RLUSD reserves directly with the Federal Reserve.

Ripple’s CEO, Brad Garlinghouse, confirmed the application publicly, pointing out that RLUSD already operates under New York’s financial regulators. Getting a national charter through the Office of the Comptroller of the Currency (OCC) would expand that coverage, blending state-level approval with federal credibility. It’s also a signal to investors, regulators, and institutions that Ripple wants RLUSD to be taken seriously.

Read more: Ripple Files for US Banking License for XRP and RLUSD

The post Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin appeared first on 99Bitcoins.

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