Amina becomes first regulated bank to custody Canton Coin
Swiss bank Amina will custody and offer trading in Canton Coin, giving FINMA-regulated clients bank-based access to the token tied to Digital Asset’s Canton Network.
Amina, a Swiss bank based in Zug, announced Wednesday it will provide custody and trading services for Canton Coin, becoming the first regulated bank to offer those services. FINMA-regulated clients can hold and trade the token through Amina’s platform instead of using crypto-native exchanges or custodians.
Canton Coin is the native token of the Canton Network, a public blockchain developed by Digital Asset that focuses on institutional capital markets and tokenized finance. The network supports tokenized assets, settlement, collateral management and repurchase markets.
The Canton Network lists the Depository Trust & Clearing Corporation, Visa, BitGo, Goldman Sachs and Citadel among its supporters.
Amina described the new service as an expansion of its tokenized finance offerings. In March the bank became the first regulated banking participant on 21X, an EU-regulated blockchain securities platform that operates under the European Union’s DLT pilot regime for tokenized securities markets.
Market data show Canton Coin trading near $0.15 per token and a market capitalization of roughly $5.7 billion.
Institutional infrastructure providers have broadened Canton access this year. In April, BitGo added trading and on-chain settlement for Canton Coin. S&P Dow Jones Indices made its U.S. Treasury Index available on the Canton Network so institutions can access benchmark data via tokenized infrastructure.
Amina’s services let banks and institutional participants route Canton-related activity through a FINMA-regulated banking partner, offering a bank-based alternative to existing custody and trading options provided by crypto custodians and exchanges.
Canton competes with other enterprise blockchain platforms used by financial institutions, including R3’s Corda, which emphasizes privacy and permissioned transactions, and Hyperledger Fabric, which has seen adoption across enterprises for permissioned ledger use cases.
Amina announced the new Canton Coin custody and trading services from Zug on Wednesday.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
