Ripple has significantly broadened its collaboration with AMINA Bank, a crypto bank overseen by the Swiss Financial Market Supervisory Authority (FINMA). This strategic partnership marks AMINA Bank as the first European financial institution to successfully implement the Ripple Payments solution, establishing a compliant linkage between traditional fiat currencies and blockchain infrastructure.
The integration aims to address the critical challenges faced by crypto-focused clients who require seamless transactions between their fiat resources and blockchain-based operations. As stated in a press release, the Ripple Payments platform facilitates faster, cheaper, and more reliable transactions, enhancing transparency and efficiency in settlements without being hindered by traditional banking infrastructure.
Miles Harrison, AMINA Bank’s Chief Product Officer, highlighted the necessity of addressing friction in cross-border payments using stablecoins, which remains a relatively undeveloped area in the financial sector. He emphasized that existing correspondent banking networks are not adequately designed to support simultaneous transactions involving fiat and stablecoins, underlining the importance of this new payment platform.
The collaboration further builds on the existing relationship established earlier in 2025, when AMINA Bank became the first institution globally to offer custody and trading services for Ripple’s stablecoin, RLUSD. Following a successful beta test phase that concluded in August 2024, Ripple received approval from the New York Department of Financial Services (NYDFS) to utilize RLUSD for trading purposes. As of the latest updates, RLUSD has achieved a market capitalization of $1.3 billion, placing it among the top ten USD-pegged tokens.
The expansion of Ripple’s business also includes significant developments in its stablecoin initiatives. Ripple recently received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, marking a pivotal moment for RLUSD and emphasizing compliance with both federal and state regulations.
In conjunction with these growth efforts, Ripple has successfully acquired the Rail platform, which specializes in stablecoin operations, for a sum of $200 million. This acquisition is expected to enhance Ripple Payments’ offerings, making it one of the most comprehensive end-to-end solutions in the stablecoin market. Additionally, Ripple’s earlier acquisition of the prime broker Hidden Road for $1.25 billion and the custody solutions firm Palisade further strengthens its positioning in the rapidly evolving payment landscape centered around stablecoins and blockchain technology.
