The integration marks one of the first adoptions for RLUSD by a traditional banking entity since Ripple announced the asset. However, RLUSD has already completed successful deals with foundational regulatory bodies and major institutional platforms.
Per a formal announcement from AMINA, the bank’s decision was based on the stablecoin’s structure and Ripple’s stated approach to compliance. Myles Harrison, AMINA Bank’s Chief Product Officer, noted the bank is committed to integrating “cutting-edge products” and that Ripple’s commitment to transparency makes them “ideal collaborators.”
AMINA Bank operated as SEBA Bank before a rebranding and has been a pioneer in regulated digital asset services since receiving its FINMA license in 2019. The bank’s involvement provides RLUSD with a foundational piece of infrastructure for its European operations.
The partnership establishes a regulated European corridor for Ripple’s stablecoin, which is available to AMINA Bank’s client base.
