What to Know
- AMINA Bank, a partner of Ripple, is expanding its blockchain services, becoming the first bank to custody and trade RLUSD and integrating Ripple Payments for instant transfers.
- AMINA has also joined 21X, Europe’s first regulated blockchain-based trading and settlement venue for tokenized securities, alongside partners like Tokeny.
- Analysts speculate these developments could eventually connect XRP Ledger to Europe’s growing tokenized asset market.
Crypto commentator Stern Drew has raised questions about whether Ripple is gradually integrating its ecosystem into Europe’s emerging tokenized financial infrastructure. The observation comes as Ripple’s Swiss banking partner AMINA Bank expands its role in digital asset services across the region.
According to Drew, AMINA has been moving deeper into blockchain-based finance, recently becoming the first bank globally to custody and trade RLUSD. The bank has also integrated Ripple Payments to facilitate instant cross-border transfers involving both fiat currencies and stablecoins.
The developments have sparked speculation that Ripple’s infrastructure, particularly the XRP Ledger, could eventually play a role within Europe’s regulated tokenized capital markets.
AMINA Becomes First Regulated Bank on 21X
A major step in that direction came when AMINA became the first regulated bank to join the ecosystem of 21X as a listing sponsor. 21X operates as Europe’s first fully regulated distributed ledger technology trading and settlement system (DLT TSS). The platform enables on-chain order books, tokenized securities trading, and atomic settlement of digital financial instruments under the supervision of European regulators.
Its regulatory framework involves licensing from BaFin, alongside oversight contributions from the European Securities and Markets Authority and the European Central Bank. By joining the 21X ecosystem, AMINA now plays a role in helping issuers bring tokenized financial products to market within a regulated environment.
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🇨🇭 Follow the money trail. Ripple’s Swiss partner AMINA Bank is burrowing DEEP into Europe’s tokenized future.
First bank globally to custody and trade $RLUSD. Now first in Europe running full Ripple Payments for instant cross-border fiat-stablecoin flows.
But here is the real… pic.twitter.com/FUZHvXcP93
— Stern Drew (@SternDrewCrypto) March 9, 2026
Building an End-to-End Tokenization Infrastructure
The partnership between AMINA, Tokeny, and 21X forms a complete infrastructure designed to support institutional tokenization. AMINA provides institutional-grade custody and banking services for traditional financial assets such as government bonds, corporate securities, and treasury bills. The bank also acts as a listing sponsor, guiding issuers through the process of launching tokenized assets.
Tokeny, an Apex Group company responsible for technology serving trillions of dollars in assets, delivers the enterprise tokenization platform. It handles smart contract deployment and automated compliance using the ERC-3643 token standard.
Meanwhile, 21X operates the regulated trading and settlement venue where these tokenized assets can be listed, traded, and settled through smart contracts. Together, the three entities create an integrated pathway connecting traditional financial assets, blockchain issuance, and liquid secondary markets.
Tokenized Asset Market Expanding Rapidly
The partnership emerges as tokenization moves from experimental pilots to real financial infrastructure. The market for real-world assets (RWAs) on blockchain has expanded rapidly in recent years.
Estimates indicate that tokenized RWAs grew from roughly $5 billion in 2022 to more than $24 billion by mid-2025. Projections suggest the market could exceed $38 billion by the end of the year. When stablecoins are included, the total value of tokenized assets already surpasses $330 billion.
Industry analysts say this growth reflects increasing institutional interest in blockchain-based settlement, fractional ownership, and more efficient financial markets.
Could Ripple Become Infrastructure for European Tokenized Finance?
Drew argues that the intersection between AMINA, 21X, and RLUSD may hint at a deeper integration between Ripple’s ecosystem and Europe’s regulated tokenization infrastructure.
If connections between these platforms expand, whether through liquidity provisioning, settlement rails, or asset bridging, the XRP ecosystem could potentially play a role in facilitating tokenized financial markets across the region.
While such integration remains speculative, the growing collaboration between regulated financial institutions, blockchain platforms, and digital asset infrastructure suggests that traditional capital markets and blockchain networks are steadily converging.
For now, observers say the developments highlight Ripple’s broader strategy of positioning its technology as a backend infrastructure layer for the next generation of regulated financial systems.
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