Swiss AMINA Bank Launches Global First SUI Trading and Custody Services

Swiss AMINA Bank has made a groundbreaking move by becoming the first regulated financial institution globally to offer trading and custody services for the SUI token, the native cryptocurrency of the Sui blockchain. This initiative marks a pivotal step in the integration of alternative cryptocurrencies into traditional financial systems, extending beyond Bitcoin and Ethereum into newer, high-performance blockchains [1]. The services launched by AMINA include unlimited SUI trading, governance, custody, and auditing functions, with plans to introduce staking features in the future [1]. This expansion aims to provide corporate clients with a regulated and secure platform to manage both fiat and digital assets within a single Swiss iBand account [1].

According to Miles Harrison, AMINA’s Chief Product Officer, the bank’s approach extends beyond mere accessibility. It positions Sui as a next-generation Layer 1 blockchain capable of replacing traditional web infrastructure, with increasing adoption by established businesses [1]. AMINA’s announcement aligns with a growing institutional interest in blockchain-based assets, particularly as on-chain applications continue to mature and gain traction [1]. SUI’s advantages—such as high throughput and low transaction fees—make it an attractive proposition for both developers and investors, further supporting AMINA’s strategic emphasis on innovation [1].

This development occurs amid a backdrop of heightened volatility in global currency markets. The Swiss franc has experienced fluctuations due to mixed economic signals and shifting investor sentiment around U.S. monetary policy. Recent data showed a brief strengthening of the franc following a weak U.S. employment report, yet the dollar index remains under pressure with expectations of potential Federal Reserve rate cuts [3]. Despite these macroeconomic uncertainties, the inclusion of SUI in a major Swiss bank's offerings demonstrates the sector’s resilience and signals a shift in how traditional financial institutions are beginning to perceive and treat altcoins—as essential components of a diversified portfolio rather than speculative assets [1].

Industry observers suggest that AMINA’s initiative may prompt other financial institutions to reconsider their altcoin strategies, potentially accelerating the mainstream adoption of alternative cryptocurrencies in institutional settings [1]. However, the move also raises important questions regarding regulatory oversight, market stability, and the long-term sustainability of newer blockchain projects [1]. AMINA has not yet disclosed whether it intends to expand its altcoin offerings to include other tokens, but the bank’s proactive stance places it at the forefront of this emerging trend in digital finance [1].

Source:

[1] Bitcoin (https://en.bitcoinsistemi.com/swiss-bank-announces-adding-support-for-surprise-altcoins-becomes-first-bank-in-the-world/)

[3] The (https://m.economictimes.com/markets/forex/dollar-steadies-after-tumble-as-investors-eye-imminent-fed-cuts/amp_articleshow/123084530.cms)