AMINA Bank AG Secures Hong Kong License for Crypto Trading

Swiss-based AMINA Bank AG has received a key license from Hong Kong’s Securities and Futures Commission, marking the first foreign bank to offer institutional crypto trading services in the region.

This development enhances Hong Kong’s status as a digital asset hub, facilitating increased institutional crypto investments and fostering regional market liquidity.

Swiss AMINA Bank AG has obtained a Type 1 license from Hong Kong’s SFC to offer institutional crypto trading and custody services.

This marks a major step for foreign banks in Hong Kong, promoting institutional crypto adoption.

AMINA Bank’s Landmark Type 1 License Approval

AMINA Bank AG has secured a Type 1 license uplift, allowing crypto trading and custody services for institutional investors in Hong Kong.

This is a first for a foreign bank, indicating a trend toward global market integration and expanded services in regulated environments. “The Type 1 license uplift allows us to deliver a wider array of regulated crypto solutions including derivatives and tokenized real-world assets to our institutional clients in Hong Kong,” said Michael Benz, Head of Hong Kong, AMINA Bank AG. Business Wire.

Institutional Crypto Market Set for Transformation

The license enables AMINA to offer private fund management and other services, significantly impacting the institutional crypto market.

It underlines a growing interest in Hong Kong’s market by foreign entities, expecting a surge in institutional interest. Is Crypto Legal in Hong Kong?

Foreign Banks Enter Hong Kong’s Crypto Landscape

Previously, only local entities like HashKey had similar licensing, highlighting AMINA’s unique achievement.

This development may lead to increased liquidity and market stability for crypto assets as seen in past regulatory expansions.