A new development has emerged in the cryptocurrency market regarding the Ripple ecosystem. According to analyst Stern Drew, Ripple’s Swiss-based banking partner, AMINA Bank, is preparing to take on an increasingly central role in the tokenization infrastructure in Europe.
According to Drew’s assessment, AMINA Bank became the first bank globally to offer custody and trading services for the RLUSD stablecoin, and also the first bank in Europe to fully utilize the Ripple Payments infrastructure. Through this infrastructure, the bank aims to enable instant cross-border payment flows between fiat currencies and stablecoins.
However, according to Drew, the more noteworthy development is AMINA Bank’s connections with organizations within Europe’s regulated tokenization ecosystem. The bank is part of the Web3 Alliance and also collaborates directly with 21X. 21X is known as the European Union’s first fully regulated Distributed Ledger Technology (DLT) based transaction and clearing system. This system supports features such as on-chain order books, tokenized securities, and atomic swaps, and stands out as an infrastructure approved by European regulators.
Drew suggested that these developments could signal a potential integration between Ripple’s XRPL network and RLUSD stablecoin and Europe’s official tokenized capital market infrastructure. According to the analyst, a connection between AMINA Bank’s 21X platform and RLUSD could create a new model for liquidity, exchange, and asset transfer processes.
According to the analyst, if such an integration occurs, Ripple’s infrastructure could become one of the invisible backbones of the regulated tokenization system in Europe.
*This is not investment advice.
