ZUG, Switzerland--(BUSINESS WIRE)--Jul 3, 2025--
AMINA Bank AG (“AMINA Bank”), a Swiss Financial Market Supervisory Authority (FINMA)-regulated crypto bank with global reach, today becomes the first bank globally to directly support Ripple USD (RLUSD), a stablecoin valued one-to-one to the US dollar, offering a blend of stability, efficiency, and regulatory compliance. At launch, custody and trading services will be available to AMINA clients holding RLUSD, establishing a foundation for expanded services in the coming months.
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Myles Harrison, Chief Product Officer of AMINA Bank, said: “At AMINA Bank, we are committed to integrating cutting-edge products so that our clients may best-navigate and adopt digital assets in their day-to-day activities. We are proud to be the first bank to support RLUSD and to provide our clients with access to one of the most anticipated digital assets in the market. Ripple's commitment to transparency and compliance make them ideal collaborators as we continue our mission to expand institutional-grade digital asset services.”
With a market capitalisation exceeding $440 million as of June 2025 , RLUSD is gaining momentum as a compliant and trusted asset for institutions seeking stablecoin exposure. As a FINMA-regulated institution, AMINA will enable its client base of professional investors, institutions, and corporations to access Ripple’s stablecoin ecosystem with the security and governance clients expect from a traditional banking partner.
AMINA Bank’s RLUSD offering comes amid a surge in demand for regulated stablecoins. With the acceleration of institutional adoption and demand for regulated solutions, AMINA has established itself as an essential infrastructure provider at crypto’s critical inflection point. As the first bank globally to offer its clients access to RLUSD, AMINA Bank continues to deliver the latest digital economy trends to its diverse individual, institutional and corporate client base.
Certain products and services may not be available to all clients based on legal and regulatory considerations.
About AMINA — Crypto. Banking. Simplified.
Founded in April 2018 and established in Zug (Switzerland), AMINA Bank AG is a pioneer in the crypto banking industry. In August 2019, AMINA Bank AG received the Swiss Banking and Securities Dealer License from the Swiss Financial Market Supervisory Authority (“ FINMA ”). In February 2022, AMINA Bank AG, Abu Dhabi Global Markets (“ ADGM ” ) Branch received Financial Services Permission from the Financial Services Regulatory Authority (“ FSRA ”) of ADGM to Advise on Investments or Credit, Arrange Deals in Investment, Arrange Credit and Arrange Custody for Professional Clients as defined in the Conduct of Business (“ COBS ”) Rulebook. In November 2023, AMINA (Hong Kong) Limited received its Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses from the Securities and Futures Commission (“ SFC ”).
CVVC Global Report and CB Insights named AMINA as one of the Top 50 Companies within the blockchain ecosystem. In 2023, AMINA won the European WealthBriefing Award in the Digital Assets Solution, Fund Manager category. AMINA was most recently recognised as Institutional Digital Asset Innovation of the Year at the Hedgeweek® Global Digital Assets Awards 2025.
To learn more about AMINA, visit www.aminagroup.com.
About Ripple USD (RLUSD)
Ripple USD (RLUSD) is Ripple’s USD-denominated stablecoin, designed to maintain a constant value of one US dollar. RLUSD is issued natively on the XRP Ledger and Ethereum blockchains, and is fully backed by a segregated reserve of cash and cash equivalents, redeemable 1:1 for US dollars. RLUSD enables real-time, secure, compliant payments and easy fiat to stablecoin on/off ramps for exchanges, fintechs, crypto onramps, and more.
Standard Custody, a wholly owned subsidiary of Ripple Labs and the issuer of RLUSD, is chartered and supervised by NYDFS as a limited purpose trust company — it is required to be backed 100% by highly liquid, short-term, transparent reserves. Standard Custody adheres to high safety and soundness standards, including NYDFS customer protection and reserve requirements, as well as redemptions with strict SLAs.
AMINA and Ripple join forces.
LONDON (AP) — British voters cast ballots Thursday in midterm local and regional elections that could shake up the country's politics and deliver a heavy blow to embattled Prime Minister Keir Starmer.
Starmer’s center-left Labour Party is bracing for big losses in polls that will choose about 5,000 local councilors and a handful of mayors across England, as well as semiautonomous parliaments in Scotland and Wales.
Polls opened at 7 a.m. and will close at 10 p.m. (2100 GMT). Some local authorities will count ballots overnight, but the bulk of the results are likely to be declared on Friday afternoon.
Local elections usually focus on issues like garbage collection, graffiti and potholes, but Starmer’s opponents have painted Thursday's vote as a referendum on the prime minister.
A rout could trigger moves by restive Labour lawmakers to oust a leader who led them to power less than two years ago. Even if Starmer survives for now, many analysts doubt he will lead the party into the next national election, which must be held by 2029.
Starmer’s popularity has plunged after repeated missteps since he became prime minister in July 2024. His government has struggled to deliver promised economic growth, repair tattered public services and ease the cost of living — tasks made harder by the U.S.-Israeli war with Iran, which has choked off oil shipments through the Strait of Hormuz.
Starmer has been further hurt by his disastrous decision to appoint Peter Mandelson, a scandal-tarnished friend of Jeffrey Epstein, as Britain’s ambassador to Washington.
Labour is defending about 2,500 seats on English local councils, and party members are apprehensive it may lose many of them.
Starmer has already survived a crisis in February, when some Labour lawmakers, including the party’s leader in Scotland, urged him to quit over the Mandelson appointment.
Luke Tryl of pollster More in Common said the local elections are likely to see “the total collapse of the traditional two-party system” that was dominated for decades by the Labour and Conservative parties.
The big winner is expected to be hard-right party Reform UK, led by Nigel Farage, which is aiming for working-class, former Labour strongholds in England’s north and on London’s outer edges with its anti-establishment, anti-immigration message. The Green Party is also likely to gain hundreds of council seats in urban centers and university towns.
The main opposition Conservative Party is also expected to lose ground, with the centrist Liberal Democrats making some gains.
Starmer didn’t even mention the Conservatives in his final preelection message, framing it as a choice between “progress and a better future” under Labour and “the anger and division offered up by Reform or empty promises from the Greens.”
Farage said on the eve of the election that a strong result for Reform would mean Starmer is “gone by the middle of summer.”
Both Reform UK and the Greens have grown rapidly in the last year or two, and are facing increased scrutiny as a result. Farage is facing questions over a 5 million pound ($6.8 million) donation from a cryptocurrency billionaire that he accepted in 2024, but did not declare. He says it was a personal gift.
The environmentalist Greens, who have stressed their pro-Palestinian credentials under self-described “eco populist” leader Zack Polanski, have fired several candidates for antisemitic social media posts.
Reform also is eyeing breakthroughs in Scotland and Wales, though pro-independence nationalists the Scottish National Party and Plaid Cymru are likely to form governments in Edinburgh and Cardiff.
“Labour’s going to lose to Reform in some places, Greens in others, and here and there they’ll lose one or two seats to the Liberal Democrats and the Conservatives as well,” said Tony Travers, a professor of government at the London School of Economics. “They’re fighting on four fronts in England — five in Wales and Scotland.”
Britain's Prime Minister Keir Starmer and wife Victoria arrive at a polling station in central London, Thursday, May 7, 2026 to cast their votes in the local elections.(AP Photo/Kirsty Wigglesworth)
A Reform UK political sign put up by the householder to show support ahead of local council elections in London, Wednesday, May 6, 2026. (AP Photo/Alastair Grant)
A Green Party political sign put up by the householder to show support ahead of local council elections in London, Wednesday, May 6, 2026. (AP Photo/Alastair Grant)
Liberal Democrats political sign put up by the householders to show support ahead of local council elections in London, Wednesday, May 6, 2026. (AP Photo/Alastair Grant)
An election campaign poster is displayed at a shop for the upcoming local council elections, in London, Wednesday, May 6, 2026. (AP Photo/Kin Cheung)
Ballot boxes and signs are dispatched to polling stations around Edinburgh from Edinburgh City Council's storage area at the Sirius Building in the west of the city ahead of the Scottish Elections on May 7, in Edinburgh, Scotland, Wednesday, May 6, 2026. (Jane Barlow/PA via AP)
