Swiss digital-asset bank AMINA is working with Wall Street firm Cantor to assess possible routes to the public market, according to BlockBeats. People familiar with the matter said the bank had previously considered listing through a special purpose acquisition company, or SPAC, but is now leaning toward going public via a reverse merger with a digital asset treasury company, or DAT. The talks are still ongoing and no final decision has been made.
AMINA said its current priority is to bring in capital that supports strategic growth rather than pursue a fast listing for its own sake. The bank added that an IPO could still remain an option at a later stage. Founded in 2018 as SEBA Bank, the company rebranded to AMINA in 2023. It is regulated by the Swiss Financial Market Supervisory Authority, or FINMA, and is one of a small number of licensed banks focused on digital assets.
The bank offers crypto trading, custody, staking and lending services, and has expanded into the UAE, Hong Kong and India. BlockBeats said AMINA had CHF 74.6 million in Tier 1 capital as of the end of 2025 and has raised about $245 million in total.
Swiss digital-asset bank AMINA is working with Wall Street financial firm Cantor to evaluate possible paths to the public market, according to BlockBeats on July 27.
People familiar with the matter said AMINA had previously weighed listing through a SPAC. The bank is now more inclined to go public through a reverse merger with a digital asset treasury company, or DAT. The discussions are still underway, and no final decision has been made.
Company says strategic growth capital is the current priority
AMINA said its focus right now is on bringing in capital that supports strategic growth, rather than simply seeking a fast listing. It added that an IPO could still become the next-step option.
Founded in 2018, renamed in 2023
AMINA was founded in 2018 as SEBA Bank and changed its name in 2023. The company is regulated by the Swiss Financial Market Supervisory Authority, or FINMA, and is one of the few licensed banks focused on digital assets.
Its business covers crypto trading, custody, staking and lending services. It has expanded into the UAE, Hong Kong and India.
Crypto listings have picked up in recent years
In recent years, crypto companies including Circle, Bullish and Gemini have moved into the capital markets, bringing a new wave of IPO activity to the sector.
As of the end of 2025, AMINA had CHF 74.6 million in Tier 1 capital and had raised about $245 million in total.
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