Crypto AUM Up 136%, Derivatives Revenue Surges 40%

The Zurich-based Amina Bank grew its assets under management to $4.2 billion, adding $801 million in net new assets during the year. Derivatives revenue soared by 40%, as demand for crypto risk-hedging tools rose.

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CEO Franz Bergmueller emphasized that the bank achieved quarterly profitability in Q4 2024, marking a key milestone. The bank’s lending portfolio has recorded zero defaults over five years, underscoring its operational resilience.

International Growth Accelerates Across Key Markets

Amina Bank reported international revenue growth of 150% in Abu Dhabi and 570% in Hong Kong. The bank plans to onboard 30 B2B2C partners by the end of 2025. A proprietary digital platform catering to B2C, B2B, and B2B2C clients will launch later this year.

CFO Mike Foy noted a rise in the bank’s liquidity coverage ratio to 228%, and a CET1 capital ratio of 34% — more than twice the regulatory requirement.

Amina Bank, founded in 2019, holds licenses from FINMA (Switzerland), FSRA (Abu Dhabi), and SFC (Hong Kong). The bank rebranded from SEBA Bank in December 2023 to reflect its evolution toward merging traditional finance with digital assets.

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The post Amina Bank Doubles Crypto Assets in 2024! appeared first on Coin Engineer.

The crypto firm, headquartered in Zug, Switzerland, has been authorized by FINMA to provide banking services since 2019.

Amına stated that the rebranding has opened a new chapter for the company and explained that the name itself is derived from the term “transamination,” which means the transfer from one compound to another.

In a statement made by Amına (Seba Bank) CEO Franz Bergmueller,

“Our brand represents a new phase in the company’s growth and strategy; we are a significant player in crypto banking and are here to define the future of finance.

Also, with our customer-centric approach and years of experience in traditional and crypto finance, we provide a platform for investors to safely create wealth under the highest regulatory standards.” He said.

Amına said that this name change will not affect the work or the clients. The company will also later apply for a name change that will be compatible with its Zug headquarters for its Abu Dhabi branch and its subsidiaries in Hong Kong and Singapore.

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Other Name Changes

Amına said this name change would not affect work or customers. The company will also apply later for a name change that will match the Zug headquarters for its Abu Dhabi branch and Hong Kong and Singapore subsidiaries.

Also, there are only a few weeks left for Amına to get a license to provide services in Hong Kong as part of the new crypto authorization framework in the region.

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The post Seba Bank Rebrands as Amına Bank! appeared first on Coin Engineer.