Amina Bank, a Swiss-regulated crypto bank, has become the first fully regulated bank to join 21X, a blockchain-based settlement platform for tokenized securities operating under the European Union's DLT pilot regime. This move marks a significant step in bridging digital asset infrastructure with traditional capital markets.
The Zug-based company announced its role as a listing sponsor on the EU-regulated platform. To support this, Amina has partnered with Luxembourg-based technology provider Tokeny to create an end-to-end tokenization stack, covering regulated custody through to on-chain trade execution. The collaboration aims to address a key barrier to institutional adoption by connecting regulated banks directly with the issuance and trading of tokenized securities.
The 21X exchange, which received an infrastructure permit under the EU's DLT regime in December 2024, operates on the Polygon and Stellar blockchains and integrates with Chainlink and Circle for smart contract-based matching and settlement. This architecture is designed to reduce the friction that has historically kept institutional players away from distributed ledger technology (DLT) markets.
Financially, Amina is showing strong growth, with revenue surging 69% to $40.4 million as of May 2025 and assets under management climbing 136% to $4.2 billion. The bank holds regulatory licenses in Switzerland (FINMA), Abu Dhabi (ADGM), Hong Kong (SFC), and the EU through an Austrian subsidiary operating under MiCAR.
This development occurs as the tokenized real-world asset (RWA) market reaches approximately $26.5 billion in early 2026, with analysts pointing to 2026 as a potential inflection point for mainstream DLT adoption. However, the EU's DLT pilot regime faces scrutiny. Industry participants warn that current limits, such as a sub-€500 million market cap ceiling for shares, could prevent European onchain markets from scaling and competing with other jurisdictions like the UK's Digital Securities Sandbox, which has attracted major players like HSBC and JPMorgan.
