Swiss crypto bank Amina has become the first FINMA-regulated bank to offer custody and trading support for Canton Coin, a token associated with the Canton Network. This move allows institutional clients to access the Canton Network, a blockchain designed for capital markets and tokenized finance, through a regulated banking platform. The Canton Network is backed by major financial entities including DTCC, Visa, BitGo, Goldman Sachs, and Citadel.
Amina's announcement marks a significant step in advancing tokenized financial infrastructure, following its earlier participation in the EU-regulated blockchain securities platform 21X. The Canton Network aims to serve traditional financial institutions with a focus on tokenized assets and settlement. Canton Coin currently trades at approximately $0.15, with a market cap of $5.7 billion. The network faces competition from other enterprise blockchain networks like R3’s Corda and Hyperledger Fabric.
Swiss Amina Bank First FINMA-Regulated Bank to Support Canton Coin
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