Switzerland’s AMINA Bank has become the first global banking institution to offer custody and trading for Ripple’s new stablecoin RLUSD, signaling growing interest from traditional finance in blockchain-based assets.
Initially targeting professional investors, AMINA’s new service aims to provide regulated exposure to RLUSD, a dollar-pegged stablecoin backed by U.S. Treasuries and overseen by the New York Department of Financial Services. The stablecoin has already reached a circulating supply of $430 million, highlighting early demand for compliant digital dollar alternatives.
Licensed by FINMA and operating under regulatory supervision in Abu Dhabi and Hong Kong, AMINA Bank continues to build a bridge between traditional banking and crypto finance. Its support for RLUSD underscores how institutions are increasingly seeking stablecoin products that meet global compliance standards.
RLUSD’s adoption by a regulated Swiss bank not only strengthens Ripple’s foothold in the stablecoin market but also sets a precedent for other institutions exploring tokenized assets. As more banks explore blockchain-native financial tools, stablecoins like RLUSD could become integral to cross-border payments, corporate settlements, and digital asset strategies.
AMINA’s latest move may also open the door to a broader product suite around RLUSD in the near future, with the bank stating its intention to expand stablecoin-based services. This could include interest-bearing accounts, payment integrations, and further institutional trading solutions as regulatory clarity improves worldwide.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/first-global-custody-support-rolled-out-for-ripples-rlusd/