Swiss Bank AMINA Becomes the First to Provide Custody and Trading Services for Ripple’s RLUSD Stablecoin
The Swiss financial institution AMINA Bank, which specializes in cryptocurrency, has declared its intention to offer custody and trading services for Ripple’s RLUSD stablecoin.
On July 3, 2025, the crypto asset bank regulated by the Swiss FINMA (Financial Market Supervisory Authority) announced in a press release, “Our clients holding RLUSD will have access to custody and trading services, laying the groundwork for further services in the months ahead.”
In response to this milestone, Myles Harrison, AMINA Bank’s Chief Product Officer, stated, “We are excited to be the first bank to embrace RLUSD and provide our clients with a gateway to one of the most eagerly anticipated digital assets on the trading market.”
BREAKING: AMINA BANK, BASED IN SWITZERLAND, BECOMES THE FIRST BANK GLOBALLY TO BASE LEVEL @RIPPLE’S NEW STABLECOIN $RLUSD – COINDESK
OPTIMISTIC #XRP
— Amonyx (@amonbuy) July 3, 2025
“Ripple’s dedication to transparency and regulatory regulation makes them ideal partners as we pursue our goal of enhancing institutional-grade digital asset services,” Harrison further noted.
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AMINA Aims at Institutional Clients and Professional Investors
Additionally, AMINA is planning to expand its services related to RLUSD in the upcoming months, which signifies an increasing demand for digital assets within the financial sector. Moreover, Switzerland has consistently established itself as a worldwide innovator in digital currency, with Zug frequently referred to as “Crypto Valley.”
The CEO of AMINA Bank remarked, “Our mission is to connect traditional banking with the emerging world of digital assets, ensuring our clients have secure, regulated access to groundbreaking financial instruments.”
Thus, the bank’s initiative to support Ripple’s stablecoin may encourage other Swiss and global banks to emulate this approach.
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Ripple Seeks US Banking License for XRP and RLUSD
➤ $XRP breaks a prolonged downward trend
➤ $RLUSD is supported by Amina Bank
➤ Ripple submits application for a U.S. banking charter
XRP is becoming integrated into the U.S. banking landscape. pic.twitter.com/0AK9cdIb9F
— ALexia (@Alex1i9) July 4, 2025
Importantly, the entity behind XRP has filed for a national banking charter in the U.S. in hopes of bringing its RLUSD stablecoin under direct federal crypto law. This is more than just a procedural formality. It represents a strategic move to provide RLUSD with a more robust framework. It might also facilitate a deeper integration into the financial ecosystem. On approval, the Ripple banking license would enable the firm to maintain RLUSD reserves directly with the Federal Reserve.
Ripple’s CEO, Brad Garlinghouse, publicly acknowledged the application, noting that RLUSD is already functioning under New York’s financial regulations. Securing a national charter through the Office of the Comptroller of the Currency (OCC) would broaden that oversight, merging state-level authorization with federal authority. It also serves as a signal to investors, regulatory bodies, and institutions that Ripple is serious about positioning RLUSD as a significant financial asset.
Learn more: Ripple Files for US Banking License for XRP and RLUSD
Key Highlights
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AMINA Bank, located in Zug and authorized by Switzerland’s FINMA, stands as the first bank worldwide to back RLUSD, Ripple’s new stablecoin pegged to the US dollar.
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The establishment is initiating custody and trading services for RLUSD, aiming at institutional clients and professional investors looking for compliant, regulated stablecoin options.
The article Swiss Bank AMINA Becomes First to Offer Custody, Trading for Ripple’s RLUSD Stablecoin appeared first on 99Bitcoins.
