first global bank adopts ripple

Swiss-regulated AMINA Bank has shattered the traditional banking sector’s cautious dance around digital assets by becoming the first global financial institution to offer custody and trading services for Ripple’s RLUSD stablecoin—a move that signals either remarkable prescience or breathtaking confidence in regulatory winds that have historically shifted with the reliability of a weathervane in a hurricane.

The services, launched July 3, 2025, under FINMA supervision, target professional investors, institutions, and corporations seeking exposure to the dollar-pegged stablecoin that has achieved a $470 million market cap amid an industry where promises of stability often prove as reliable as campaign pledges.

RLUSD maintains its one-to-one peg with the US Dollar, though anyone who has observed the crypto space knows that “stable” is a relative term in markets where fortunes evaporate faster than morning dew in Death Valley.

Market reaction proved swift and decisive: RLUSD’s daily trading volume surged 28.2% to $45.6 million, while Ripple’s native XRP token gained 3.86%, propelling its market cap to $134.3 billion. The stablecoin’s own market cap rose over 3% within 24 hours—numbers that would make traditional bond traders weep with envy or existential dread, depending on their career trajectory.

Numbers that would make traditional bond traders weep with envy or existential dread, depending on their career trajectory.

AMINA’s custody solutions emphasize security and regulatory compliance, offering institutional-grade services that bridge the gap between traditional banking infrastructure and digital asset innovation. The bank’s foundation dates back to April 2018, when it first established operations in Zug, Switzerland, before securing its Swiss Banking and Securities Dealer License the following year.

The bank’s Chief Product Officer stressed the importance of integrating cutting-edge products for client benefit, though one suspects “cutting-edge” in banking circles often means adopting technology that Silicon Valley discarded three iterations ago.

Meanwhile, Ripple has filed for a U.S. national banking charter, seeking federal oversight that would allow the company to hold reserves with the Federal Reserve—a strategy mirroring Circle’s approach to preempt stricter stablecoin regulations. For individual investors seeking exposure to digital assets, non-custodial wallets provide full control over private keys, enhancing security and privacy compared to traditional custody solutions.

If approved, this banking license could expand Ripple’s digital asset custody and cross-border payment services under federal supervision, potentially transforming RLUSD’s competitive position among top stablecoins.

The collaboration represents a significant milestone for stablecoin acceptance by traditional financial institutions, setting a precedent that other banks will certainly scrutinize with the intensity of archaeologists examining potentially explosive artifacts.

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