AMINA Bank Becomes First to Support Canton Coin Trading and Custody
AMINA Bank announced on May 5 that it has become the first globally regulated bank to support trading and custody of Canton Coin, a digital asset native to the Canton Network. The announcement appeared in a BusinessWire release and positions AMINA as the institutional entry point for Canton-based assets.
The bank serves clients in Switzerland, Abu Dhabi, and Hong Kong. The move follows AMINA’s earlier firsts on XRP (XRP) and Sui (SUI) products.
What Canton Coin Is
The Canton Network is a privacy-enabled, interoperable blockchain designed for institutional financial markets, built by Digital Asset Holdings.
Canton Coin is the network’s native settlement asset and is used to pay for on-chain transactions and services within Canton-connected financial applications. Unlike public retail-focused cryptocurrencies, Canton targets banks, asset managers, and financial market infrastructure providers seeking regulated, permissioned blockchain access.
AMINA’s decision to offer custody and trading of Canton Coin brings the asset into the formal banking system for the first time under a regulated framework.
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AMINA’s Track Record as a First Mover
AMINA Bank, formerly known as SEBA Bank, rebranded in 2023 after expanding operations across multiple regulated jurisdictions. The bank has a consistent pattern of offering institutional custody and trading access to emerging digital assets before other regulated institutions.
It was the first bank globally to support Ripple (XRP) USD (RLUSD), a stablecoin pegged to the U.S. dollar and issued by Ripple Labs. It was also the first to offer Sui (SUI) trading and custody.
Each of those launches preceded broader institutional adoption of the respective assets, according to the bank’s prior announcements.
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Outlook for Canton Coin Adoption
AMINA’s entry as the first regulated bank to support Canton Coin could accelerate institutional interest in the Canton Network more broadly. Financial market infrastructure providers looking for permissioned blockchain rails with a regulated custody option now have a pathway through AMINA.
The bank has not disclosed trading volumes or client demand figures for the new product. Analysts covering institutional digital asset adoption will watch whether other Tier 1 banks follow with Canton Coin listings in the months ahead, a pattern that played out after AMINA’s early RLUSD and SUI launches.
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