Amina targets APAC for ETP and crypto growth

Amina Group has started marketing its banking and crypto services in Asia, after being awarded a licence by the Hong Kong regulator.

The Swiss bank is targeting institutional investors, family offices, high net worth individuals and corporate treasurers.

Its initial offering to the APAC market includes exchange traded products, dual currency notes, crypto and capital protected notes. The company intends to further broaden its product set in the region in the subsequent months.

Amy Yu, chief executive officer (APAC), of Amina Hong Kong (pictured), said the organisation wanted to signal its intention to become the ‘go to’ service provider for investors with an interest in cryptocurrencies.

She said: “Our comprehensive product suite, combined with an understanding of the crypto investment landscape provides us with market-leading capabilities in crypto-related services.”

The banking group confirmed that it has already started onboarding clients in Hong Kong, following the successful approval of its SFC licence towards the end of 2023.

This licence allows the organisation to distribute and deal securities, offer OTC derivatives, structured products, investment advisory services, and to run discretionary accounts in both traditional securities and virtual assets.

The group, which offers cryptocurrency and traditional banking services, made the announcement during Paris Blockchain Week on Wednesday 10 April 2024, where it had a significant presence.