AMINA Bank Achieves Remarkable Growth in 2024, Leading DeFi Innovations

AMINA Bank's Spectacular Growth in 2024

AMINA Bank, a pioneering entity in the world of decentralized finance (DeFi) and a key portfolio company of DeFi Technologies, has marked 2024 as a year of extraordinary achievements. With a staggering growth of assets under management (AUM) by 136%, reaching an impressive total of $4.2 billion, AMINA Bank also saw a rise in revenue by 69%, amounting to $40.4 million. This remarkable performance underscores the bank's position at the forefront of the evolving financial landscape.

Strategic Milestones

The growth trajectory of AMINA Bank is reflective of a robust strategic framework laid out by DeFi Technologies. Initially investing $27.35 million when AMINA's AUM hovered around $1 billion, the returns have validated the company's vision and investment strategy. This investment not only supported AMINA's growth but also reinforced DeFi Technologies' commitment to fostering regulated digital asset banking and services.

In 2024, AMINA achieved quarterly profitability in the fourth quarter, coupled with an influx of $801 million in net new asset flows, which points to increasing trust and recognition within the financial market. Over five years, AMINA has maintained an impeccable record with zero lending defaults, highlighting its sound risk management practices.

Global Expansion and Revenue Surge

AMINA Bank's operational resilience is further exemplified by its significant revenue increases across various jurisdictions, with a remarkable 150% growth in Abu Dhabi and a staggering 570% in Hong Kong. These figures illustrate not only AMINA Bank's global reach but also its effective strategy which prioritizes customer-centric services backed by sophisticated technology.

The bank's partnerships — nearly 20 active collaborations with major private banks across Europe — have proven to be instrumental. These alliances are key in capitalizing on the expanding need for innovative financial solutions tailored for both retail and institutional clients in a fast-paced digital economy.

Strong Foundation for Future Growth

Underpinning AMINA Bank's impressive financials is a solid liquidity coverage ratio (LCR) of 228% and a Common Equity Tier 1 (CET1) capital ratio of 34%, more than double the regulatory standards. This robust foundation not only satisfies current regulatory requirements but also positions the bank favorably for sustained future growth and resilience.

Olivier Roussy Newton, CEO of DeFi Technologies, emphasized the significance of AMINA Bank's growth. He stated, "To see it more than quadruple in just three years is a clear validation of our investment thesis. AMINA Bank is shaping the future of crypto banking."

The Future Ahead

Looking forward, AMINA Bank is on the cusp of launching a next-generation crypto banking platform alongside an advanced mobile banking experience in 2025. This platform aims to integrate a modern, API-first architecture, facilitating seamless B2C, B2B, and B2B2C offerings, which will set a new standard in the digital banking space.

With an unwavering focus on fusion between traditional finance and decentralized technologies, DeFi Technologies continues to pour its investments into foundational infrastructures that support digital asset adoption globally. The achievements of AMINA Bank in 2024 reinforce this strategy, aiming to deliver significant shareholder value through its ongoing initiatives.

For anyone interested in the future of banking or following AMINA Bank's progress, more information can be found on their official website, aminagroup.com. As AMINA Bank continues to innovate and expand, it is poised to play a critical role in shaping the future of finance in a digital era.

About AMINA Bank

Founded in April 2018 and headquartered in Zug, Switzerland, AMINA Bank is recognized for its pioneering approach in the digital banking sector. The bank obtained its Swiss banking license from FINMA in 2019, ensuring that it operates with the highest regulatory standards while offering diverse services that cater to modern investors. AMINA is designated as one of the top companies in the blockchain ecosystem by CVVC Global Report and CB Insights, reflecting its track record of innovation and excellence in digital wealth management.