AMINA Bank, a regulated Swiss crypto bank, has teamed up with Tokeny to develop a compliant infrastructure for institutional asset tokenization. The partnership aims to streamline the process for financial institutions by combining custody services with blockchain technology. This move is expected to accelerate the adoption of tokenized assets like bonds and securities.
AMINA Bank, a FINMA-regulated crypto bank based in Switzerland and formerly known as SEBA Bank, announced on Thursday a partnership with Tokeny, a blockchain platform owned by Apex Group. The collaboration seeks to create a regulated infrastructure for institutional tokenization, providing financial institutions with "a regulated banking bridge" to issue and manage tokenized assets, such as government bonds, corporate securities, and treasury bills.
Under the arrangement, AMINA will handle the banking, custody, and regulatory oversight for traditional assets. Tokeny will supply the tokenization platform, built on the ERC-3643 compliance standard, which adds a layer ensuring only authorized investors can hold or trade tokenized assets. This setup enables seamless transfers of funds between traditional accounts and blockchain-based systems.
The companies state that the partnership will reduce the time-to-market for tokenized instruments from months to weeks, fostering a more connected and regulated onchain financial system. It combines AMINA's Swiss-regulated custody with Tokeny's blockchain infrastructure to ease tokenization for financial institutions and speed institutional adoption of blockchain-based finance.
AMINA will provide regulated custody and banking for tokenized assets, while the overall aim is to facilitate compliant asset tokenization in a secure environment.