Swiss-based AMINA Bank has positioned itself as the first global bank to directly embrace Ripple’s RLUSD stablecoin, marking another milestone in the increasingly blurred lines between traditional banking and digital asset innovation. The Zug-based institution’s decision to offer custody and trading services for RLUSD reflects a calculated bet that institutional demand for regulated stablecoin access will continue accelerating—a wager that appears increasingly prescient given the bank’s recent 69% revenue surge and $4.2 billion in assets under management.
RLUSD’s rapid ascent since its December 2024 launch has been nothing short of remarkable, accumulating over $10 billion in transaction volume and achieving a $469.29 million market capitalization that places it among the top 200 crypto projects. The stablecoin’s fourfold supply growth on Ethereum since January 2025 suggests institutional appetite extends far beyond speculative enthusiasm, particularly given its backing by U.S. dollar deposits, government bonds, and cash equivalents—the bedrock assets that keep finance professors sleeping soundly at night. Unlike traditional cryptocurrencies that experience extreme price swings, RLUSD’s design aims to mitigate the volatility associated with digital assets by maintaining a stable value pegged to the U.S. dollar.
RLUSD’s meteoric rise to $469 million market cap and $10 billion transaction volume signals institutional appetite transcends mere speculation.
AMINA’s regulatory positioning proves particularly astute, leveraging Swiss FINMA oversight alongside licenses from Abu Dhabi’s FSRA and Hong Kong’s SFC to serve a geographically diverse clientele. This multi-jurisdictional approach allows the bank to capitalize on varying regulatory landscapes while maintaining the compliance standards that institutional investors demand (and that regulators increasingly scrutinize with microscopic attention).
The timing coincides with Ripple’s pursuit of U.S. national bank charter approval, potentially subjecting RLUSD to enhanced federal oversight—a development that could either strengthen institutional confidence or introduce additional regulatory complexity. For AMINA’s professional investors and high-net-worth clients, this regulatory evolution represents both opportunity and uncertainty, though the bank’s track record of blending traditional banking compliance with crypto innovation suggests management remains confident in steering through these waters.
AMINA’s recent introduction of fee-free USDC custody with quarterly rewards demonstrates the institution’s broader stablecoin strategy extends beyond mere RLUSD integration. The bank’s custody approach ensures client assets remain in segregated wallets, providing enhanced security and transparency for institutional investors. This all-encompassing approach positions the bank to capture growing institutional demand for regulated digital asset services while maintaining the regulatory guardrails that differentiate it from purely crypto-native platforms.
