Key Developments
AMINA (Hong Kong) Limited has achieved a significant milestone by obtaining an upgraded Type 1 license from the Hong Kong Securities and Futures Commission. This upgrade positions AMINA as the first international bank in Hong Kong to offer regulated cryptocurrency spot trading and custody services. The services are specifically designed for institutional, corporate, and high-net-worth investors, reflecting Hong Kong's evolving regulatory environment for digital assets and its commitment to fostering institutional investment and innovation within the cryptocurrency sector.
AMINA HK Launches 24/7 Regulated Crypto Services
With the upgraded Type 1 license, AMINA is now authorized to launch regulated crypto trading services, complemented by robust custody solutions. As the pioneering international banking group in Hong Kong to offer these integrated services, AMINA initially supports trading and custody for 13 key crypto assets, including Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). The bank is enhancing its offerings with 24/7 cryptocurrency trading capabilities to meet heightened investor demand. The underlying infrastructure adheres to SOC 1/2 Type 2 standards, ensuring high levels of security and compliance for professional investors. AMINA has outlined further expansion plans, including venturing into private equity fund management and structured products.
Franz Bergmueller, CEO of AMINA Bank, articulated the bank's ambition to deliver market-leading service. He stated, "Together with our licenses in Switzerland, Hong Kong, and Abu Dhabi, this milestone enables us to offer clients global and market-leading service through operations built for scale, security, and long-term success." Monique Chan of LSQ Capital Ltd. also commented on the partnership, emphasizing its focus on providing secure and regulated access to digital assets for high-net-worth clients.
Hong Kong's Strategic Move to Attract Global Investors
AMINA's service expansion underscores a broader trend where leading financial centers, such as Hong Kong, are actively establishing regulated frameworks akin to those in Switzerland and Abu Dhabi. This strategic approach aims to attract a significant influx of global institutional investors. The expansion of regulated digital asset services in Hong Kong is anticipated to bolster its standing as a prominent hub for digital assets.
The Coincu research team observes that Hong Kong's Digital Asset Policy 2.0 framework is poised to attract a greater number of institutional investors and high-net-worth individuals. These strategic advancements by Hong Kong further solidify its reputation as an emerging center for digital assets.