Finance Cantor is assisting the cryptocurrency bank AMINA as it considers options for a potential public listing.

AMINA is exploring various avenues to enter public markets, although discussions are still in progress without a definitive outcome.

By Will Canny | Edited by Sheldon Reback Jul 27, 2026, 2:36 p.m. 2 min read Make preferred on

The Swiss-based digital asset bank AMINA is collaborating with Cantor to evaluate the possibility of going public.

  • AMINA is considering a range of options for its public market debut.
  • While various strategies have been assessed, the bank currently leans towards a reverse merger with a digital asset treasury firm, though no final decision has been reached.
  • AMINA is among several cryptocurrency companies reassessing their public offering plans amid fluctuating market conditions.

As a regulated financial institution, AMINA, which was established as SEBA Bank in 2018 and rebranded in 2023, is under the supervision of the Swiss Financial Market Supervisory Authority (FINMA). It specializes in services such as crypto trading, custody, staking, and lending for institutional and professional clients, and has expanded its operations to Abu Dhabi, Hong Kong, and India.

The bank has evaluated several potential routes to public markets, including a merger with a Special Purpose Acquisition Company (SPAC), but currently favors a reverse takeover of a digital asset treasury firm, according to sources who requested to remain anonymous due to the private nature of the discussions.

An AMINA representative indicated that while discussions are ongoing, no conclusive decision has been made. The immediate priority is to secure strategic growth capital, rather than focusing solely on a public listing.

“We have received inquiries from SPACs and other vehicles primarily interested in a rapid stock market entry rather than growth capital. In contrast, our focus is on options that will bolster AMINA’s strategic growth,” the spokesperson stated in an email.

“Currently, we are not engaging with any SPACs or Digital Asset Treasuries (DATs). Instead, we are talking to potential investors with an emphasis on strategic growth capital. An IPO could be a rational next step in the future.”

Cantor has chosen not to comment on the situation.

In the last year, the cryptocurrency industry has increasingly turned to public markets, with notable listings from companies such as Circle Internet (CRCL), CoinDesk’s parent company Bullish (BLSH), and others marking a significant IPO surge since 2021. However, despite initial strong investor interest, the performance of these listings has been inconsistent due to declining crypto prices and a broader risk-averse market environment, leading some firms to rethink or postpone their own IPO strategies.

As of the end of 2025, AMINA reported having 74.6 million francs (approximately $91 million) in Tier 1 capital. The bank has raised around $245 million from various investors, including Julius Baer, DeFi Technologies, and BlackRiver Asset Management.

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