AMINA Bank: a Swiss crypto bank in Zug
AMINA Bank AG is a Swiss bank in Zug, founded as SEBA Bank and later renamed. It calls itself "the only global regulated crypto bank providing a fully universal suite of banking services", with fiat accounts next to crypto custody, trading and staking.
AMINA in Project Agorá
AMINA Bank is one of the private financial firms convened by the Institute of International Finance that proceed to the next phase of Project Agorá, its press release says. The project brings together seven central banks, the Bank of France, Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England and Federal Reserve Bank of New York, convened by the BIS, to explore how tokenization can improve wholesale cross-border payments. The BIS describes the approach as recording central bank reserves and commercial bank deposits on a shared platform for atomic settlement. Tokenized deposits explains this form of bank money, and B2B cross-border payments shows where companies pay today.
Licenses in Switzerland, the EU and Asia
AMINA Bank received a Swiss banking and securities dealer license in 2019 and is supervised by FINMA. AMINA (Austria) AG is a MiCAR-regulated provider of crypto asset services for EU clients. AMINA also runs an FSRA-regulated branch in the Abu Dhabi Global Market and has a local entity in Hong Kong. Through the Austrian unit AMINA became the first crypto banking group with a MiCA license, as crypto in Switzerland explains. CASP license covers the authorization a Swiss firm needs to serve EU clients.
Custody, staking and tokenization
AMINA lists custody, trading, staking, tokenization and stablecoin rewards among its services; its enterprise line AMINA Edge serves institutions. The bank spoke with 21X, Franklin Templeton, DFNS and Chainlink at Tokenization & On-Chain Capital Markets in Zurich, described on crypto custody.
Upcoming digital asset and payments events
AMINA at Finance Loop events
AMINA was on the panel of Tokenization & On-Chain Capital Markets, a Point Zero Forum side event in Zurich hosted by 21X and Web3 Network. Custody is also a topic of Finance Loop's own Digital Finance Night.
Payments & Digital Money
Investment & Digital Assets
Risk & Compliance
Is AMINA Bank the former SEBA Bank?
Yes. AMINA Bank AG was founded as SEBA Bank in Zug and changed its name to AMINA Bank.
Can AMINA serve clients in the EU?
AMINA serves EU clients through AMINA (Austria) AG, a MiCAR-regulated provider of crypto asset services. The Swiss banking license itself does not cover services outside Switzerland.
What is Project Agorá?
Project Agorá is a BIS project with seven central banks and private financial firms, among them AMINA, that tests tokenized central bank reserves and commercial bank deposits for wholesale cross-border payments.
Crypto banking and payments
Swiss digital asset firms
AMINA Bank and Finance Loop
Finance Loop lists events where AMINA speaks, such as Tokenization & On-Chain Capital Markets in Zurich. Tokenized cross-border payments belong to Finance Loop's Payments & Digital Money track, crypto custody to Investment & Digital Assets.
Finance Loop is a professional network and has the goal of driving the adoption of emerging technologies in finance, such as AI, digital payments, cloud and blockchain solutions. Finance Loop helps its members build skills and personal networks in these fields: Investment & Digital Assets, Payments & Digital Money, Digital Infrastructure & Sovereignty, and Risk & Compliance.