AMINA is considering a public listing with guidance from Cantor, exploring options like a reverse merger amid ongoing discussions.
AMINA, a Swiss-based cryptocurrency bank, is working with Cantor to explore potential options for going public.
The bank is considering various strategies, including a reverse merger, as it navigates the public market landscape.
The discussions are ongoing, and no final decision has been made regarding the public listing.
Established in 2018 and rebranded in 2023, AMINA operates under the supervision of the Swiss Financial Market Supervisory Authority (FINMA) and provides services such as crypto trading, custody, staking, and lending to institutional clients. The bank has also expanded its reach to Abu Dhabi, Hong Kong, and India.
While AMINA has evaluated several routes to enter the public markets, sources indicate a preference for a reverse takeover of a digital asset treasury firm over a merger with a Special Purpose Acquisition Company (SPAC). A representative from AMINA stated that their current focus is more on securing strategic growth capital rather than rushing into a public listing.
“We are prioritizing options that will enhance AMINA’s strategic growth,” the spokesperson noted, emphasizing that they are not currently engaging with SPACs or Digital Asset Treasuries. An initial public offering (IPO) remains a possibility for the future.
Cantor has opted not to comment on the matter.
The cryptocurrency sector has been increasingly eyeing public markets in the past year, with several companies like Circle Internet and Bullish making their market debuts. However, the performance of these listings has been uneven, impacted by declining crypto prices and a cautious investor sentiment, prompting some firms to reconsider their IPO plans.
As of late 2025, AMINA reported Tier 1 capital of 74.6 million francs (approximately $91 million) and has raised around $245 million from investors, including Julius Baer, DeFi Technologies, and BlackRiver Asset Management.
