AMINA Bank has become the first bank to support Canton Coin (CC), the native token of the Canton Network, by offering custody and trading services to its clients.

Canton Network is a public blockchain that focuses on privacy for capital markets.

It has recently attracted participation from traditional finance and decentralised finance organisations, including DTCC, Visa and BitGo, which are developing settlement, tokenisation, custody and collateral applications on the network.

The network is also building an on-chain capital markets ecosystem covering repo, lending and wrapped asset flows designed for regulated market participants.

Through its offering, AMINA will provide institutional clients, including Super Validators and professional investors, with custody and trading access to Canton Coin.

The service is delivered through a single FINMA-regulated institution.

Myles Harrison, Chief Product Officer at AMINA, said:

“By making Canton Coin available for custody and trading, AMINA is providing clients, whether they are Super Validators or investors seeking exposure to Canton Network’s growth, with the regulated access they need to engage with this ecosystem.”

Viv Diwakar, Head of the Canton Foundation, said:

“For Canton Network participants who need a compliant, supervised home for their Canton Coin holdings, AMINA provides that with the credibility and regulatory standing that the ecosystem demands.”

AMINA has previously introduced several digital assets to its institutional client base, including being the first globally to support Ripple USD (RLUSD) and among the first to offer SUI trading and custody.

The bank said it intends to continue expanding its involvement in the Canton Network ecosystem as it develops.

Featured image credit: Edited by Fintech News Switzerland, based on image by mrsiraphol via Magnific