The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Singapore-supervised Paxos Digital Singapore, a payments firm, has secured the ability to have its USDG stablecoin placed in the custody, trading and rewards offerings of AMINA Bank, the Switzerland-headquartered crypto bank. 

As part of the move, AMINA Bank will  become a member of the Global Dollar Network, a group of enterprises working to promote digital dollar adoption.

The GDN includes platforms such as Robinhood, Kraken, OKX, Galaxy, Anchorage, and Bullish.

"USDG custody, trading, and rewards represent the latest expansion of our regulated stablecoin offering, continuing our leadership in bringing institutional-grade digital dollar access to professional investors,” Myles Harrison, chief product officer of AMINA Bank, said. “Joining the Global Dollar Network connects AMINA to the financial institutions building the rails for stablecoin adoption at scale."

AMINA said it supports stablecoins including USDT, USDC, EURC, and RLUSD, providing clients with diversified access to digital dollar and euro infrastructure. This news service recently interviewed the bank in its Hong Kong offices to discuss its work and engagement in the Asia market.

“We're building infrastructure that enables financial institutions to offer clients secure, compliant access to digital dollars, and AMINA's integration demonstrates the growing institutional demand for trusted stablecoin services,” Nick Robnett, head of crypto business development at Paxos, speaking on behalf of the Global Dollar Network, said.  

See this story for a recent licence change for AMINA Bank in Hong Kong.