AMINA Bank AG Becomes First Regulated Bank To Custody Canton Coin In Switzerland

Switzerland’s AMINA Bank AG became the first regulated bank to custody Canton Coin, adding custody and trading support for the token tied to Canton Network.

“AMINA Bank AG ("AMINA"), a Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank with global reach, today becomes the first bank to support Canton Coin (CC), the native token of Canton Network, offering custody and trading services to its clients”

AFP

In a Wednesday announcement, AMINA said clients will gain regulated access to the Canton Network, described as a public blockchain designed for capital markets and tokenized finance.

Cointelegraph

The network was developed by Digital Asset and is backed by the Depository Trust & Clearing Corporation, Visa, BitGo, Goldman Sachs and Citadel.

The move is framed as regulated access through a banking platform regulated by the Swiss Financial Market Supervisory Authority (FINMA) rather than relying on a crypto-native exchange or custodian.

The AFP describes Canton as a public, privacy-preserving blockchain built for capital markets, and says AMINA will help reduce friction for professional investors, Super Validators, and institutions running tokenisation and settlement workflows on Canton.

In the same release, Myles Harrison, Chief Product Officer at AMINA, said: “Canton Network represents something we are seeing more broadly in digital assets: infrastructure that has been purpose-built for regulated institutions, not retrofitted.”

TradingView

Viv Diwakar, Head of the Canton Foundation, added: “Canton Network was designed to meet the needs of regulated financial institutions — privacy, compliance, and settlement finality built into the architecture.”

TradingView adds that in March the Zug, Switzerland bank became the first regulated banking participant on the EU-regulated blockchain securities platform 21X under the bloc’s DLT pilot regime for tokenized securities markets.

CoinMarketCap data cited by TradingView puts Canton Coin at around $0.15, with a total market capitalization of $5.7 billion.

“Switzerland's Amina becomes first regulated bank to custody Canton Coin Swiss crypto bank Amina has added custody and trading support for Canton Coin, becoming the first regulated bank to offer services for the token tied to the Canton Network, an institutional-focused network”

TradingView

TradingView also says BitGo expanded its Canton Coin services beyond custody to include trading and onchain settlement in April, and that S&P Dow Jones Indices brought its US Treasury Index benchmark onto the Canton Network.

The AFP press release frames AMINA’s role as enabling custody and trading of Canton Coin “with the governance they expect from an institutional banking partner.”

It also states that AMINA intends to deepen its participation in the network during the period ahead as Canton’s ecosystem continues to develop.