Swiss crypto bank AMINA has integrated custody and trading support for Canton Coin, marking the first time a regulated bank has offered services for the token tied to the Canton Network. The move, announced Wednesday, gives institutional clients direct access to the Canton Network through a banking platform supervised by the Swiss Financial Market Supervisory Authority (FINMA).
Regulated Access to Institutional Blockchain Infrastructure
The Canton Network is a public blockchain designed specifically for capital markets and tokenized finance. Developed by Digital Asset, the network is backed by major financial institutions including the Depository Trust & Clearing Corporation, Visa, BitGo, Goldman Sachs, and Citadel. By offering custody and trading through a regulated bank, AMINA allows institutional clients to hold and trade Canton Coin without relying on crypto-native exchanges or custodians, potentially simplifying compliance and operational workflows for firms using the network for tokenization and settlement.
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This announcement builds on AMINA’s broader strategy to expand into tokenized finance infrastructure. In March, the Zug-based bank became the first regulated banking participant on 21X, an EU-regulated blockchain securities platform operating under the bloc’s DLT pilot regime for tokenized securities markets.
Canton Network Expands Institutional Footprint
The Canton Network is positioning itself as a foundational layer for traditional financial institutions, focusing on tokenized assets, settlement, collateral management, and repo markets. According to CoinMarketCap, Canton Coin is currently valued at approximately $0.15, with a total market capitalization of $5.7 billion.
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In April, BitGo expanded its Canton Coin services beyond custody to include trading and onchain settlement, broadening institutional access to the network’s token and related financial activity. Meanwhile, S&P Dow Jones Indices recently brought its US Treasury Index benchmark onto the Canton Network, allowing institutions to access fixed-income benchmark data through tokenized infrastructure.
Competition and Market Context
Canton Network faces competition from several enterprise blockchain networks targeting institutional finance. Among them is R3’s Corda, designed for banks and regulated financial markets with an emphasis on privacy and permissioned transactions. Another competitor, Hyperledger Fabric, has seen broad adoption in enterprise blockchain environments, particularly among financial institutions and large corporations.
The move by AMINA underscores a growing trend of regulated banks embracing blockchain infrastructure for capital markets, signaling a shift from experimental projects to operational integration.
Conclusion
AMINA Bank’s decision to custody and trade Canton Coin represents a significant step in bridging traditional banking with tokenized finance. By offering regulated access to the Canton Network, the bank provides institutional clients with a compliant pathway to participate in blockchain-based capital markets, potentially accelerating adoption among traditional financial players.
FAQs
Q1: What is Canton Coin?
Canton Coin is the native token of the Canton Network, a public blockchain designed for institutional capital markets and tokenized finance. It is used for settlement, collateral management, and other financial activities within the network.
Q2: Why is AMINA Bank’s move significant?
AMINA is the first FINMA-regulated bank to offer custody and trading for Canton Coin. This provides institutional clients with a regulated, compliant alternative to crypto-native exchanges, potentially reducing operational and regulatory risks.
Q3: What is the Canton Network?
The Canton Network is a public blockchain developed by Digital Asset, backed by major financial institutions like DTCC, Visa, Goldman Sachs, and Citadel. It focuses on tokenized assets, settlement, and capital market infrastructure for traditional finance.
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