Cantor Advises Crypto Bank AMINA on Public Listing Path
Swiss crypto bank AMINA is working with Cantor to explore a path to a public listing. AMINA has considered several routes to the public markets, including a SPAC merger, but sources say it now favors a reverse takeover of a digital asset treasury (DAT) company. Talks are ongoing and AMINA has not made a final decision.
A spokesperson said the priority is raising strategic growth capital rather than using vehicles aimed at a fast stock-market listing. AMINA also noted it is not currently in discussions with any specific SPAC or DAT, and that it is instead in talks with potential investors. Cantor declined to comment.
AMINA, founded in 2018 as SEBA Bank and rebranded in 2023, is regulated by FINMA and offers institutional crypto services such as trading, custody, staking and lending. It operates beyond Switzerland, including in Abu Dhabi, Hong Kong and India.
The announcement comes amid a strong IPO wave in crypto over the past year, but uneven post-listing performance as weaker crypto prices and risk-off sentiment pressured valuations. Several major firms—including Kraken parent Payward, Consensys, Ledger and Grayscale—have delayed IPO plans while waiting for improved market conditions.
As of year-end 2025, AMINA reported Tier 1 capital of 74.6 million francs (~$91 million) and said it raised about $245 million from investors including Julius Baer, DeFi Technologies and BlackRiver Asset Management.
Neutral
This is more about corporate strategy and financing structure than an immediate token-level catalyst. AMINA’s move toward a public listing (via SPAC or, reportedly, a reverse takeover of a DAT) signals that regulated crypto banks are still seeking capital markets access, but the process is not finalized.
Historically, crypto IPO news tends to be short-term sentiment supportive when deal certainty is high, but can fade quickly if market conditions are weak or post-listing performance disappoints. In the past year, several crypto firms delayed or reconsidered IPOs as valuations weakened—meaning today’s news is likely to be treated as “watchable” rather than “tradeable” in the near term.
Short-term impact: likely limited, with traders focusing more on risk-off/on catalysts (BTC/ETH momentum, liquidity, ETF/derivatives flows) than on a single bank’s listing discussions.
Long-term impact: neutral-to-mildly supportive for institutional crypto participation, because deeper regulated-bank access to public capital can improve credibility and funding stability—but timing will depend on how markets evolve and whether the public listing structure is finalized.