Swiss Crypto Bank Amina Becomes First Banking Participant in EU’s Regulated Tokenized Securities Market - Crypto Economy

TL;DR

• Amina joined 21X as a listing sponsor, becoming the first regulated bank participant on the EU-regulated venue operating under the DLT pilot regime.
• Through its partnership with Tokeny, Amina will support companies issuing tokenized securities, aiming to connect regulated banking infrastructure with issuance and trading.
• The move comes as Europe tests whether regulated onchain markets can scale, even as critics warn DLT pilot limits may hinder competitiveness.

European tokenized markets took a notable step forward this week as Amina’s entry gives the experiment a banking bridge. The Swiss-regulated crypto bank has joined 21X as a listing sponsor, becoming the first fully regulated bank participant on the EU-regulated blockchain-based venue. That matters because 21X operates under the European Union’s DLT pilot regime, a framework designed to test how blockchain trading and settlement might function inside regulated market structures. For a sector still searching for institutional scale, the move links a supervised banking player to a market built for issuing and trading tokenized securities.

A regulated bank enters Europe’s tokenized securities sandbox

Behind the announcement is a deliberate push to close an institutional adoption gap. Amina said its role on 21X will help companies issue tokenized securities through a partnership with Tokeny, the Luxembourg-based firm that provides technology for creating and managing tokenized financial assets. The stated aim is to connect regulated banks with the issuance and trading of tokenized securities, an area where adoption has lagged. In practical terms, Amina is not merely joining a new venue. It is stepping into a test case for whether regulated financial intermediaries can meaningfully help tokenized markets gain traction.


The broader backdrop makes the move more significant because Europe is still testing whether regulated onchain markets can scale. 21X received its infrastructure permit under the EU’s DLT pilot regime in December 2024, allowing it to operate a regulated market for blockchain-based securities inside a regulatory test environment. The framework itself began in 2023 as a sandbox for experimenting with blockchain trading and settlement of financial instruments. Even with early participation, the regime has faced criticism from industry voices that say limits may keep European onchain markets from expanding enough to compete with other jurisdictions.

That uncertainty is why Amina’s arrival lands as both milestone and test. The article places the development within a wider expansion of tokenized real-world assets, whose total value has reached $26.5 billion, while other institutions and platforms across Europe and the United States keep building blockchain-based infrastructure. Yet the unanswered question remains whether participation from a regulated bank will meaningfully accelerate adoption on 21X and across the EU pilot framework. For now, Amina has delivered a symbolic first: a supervised banking institution stepping into Europe’s regulated tokenized securities market before the model has proved itself.