AMINA Bank Hits $40M Revenue in 2024 as Crypto AUM Surges to $4.2B

AMINA Bank Records Historic $40M in 2024 Revenue

Swiss digital asset bank AMINA Bank AG, formerly SEBA Bank, registered a record year in 2024 with 69% year-over-year revenue growth to $40.4 million. Institutional demand, cross-border expansion, and higher demand for crypto derivatives fueled the sharp rise.

Assets under management (AUM) by the bank doubled to $4.2 billion, up 136% as a result of its multi-jurisdictional strategy and continued trading services.

“Quarterly profitability in Q4 2024 validates our model and purpose,” said CEO Franz Bergmueller.

$801M in Net New Assets and Derivatives Boom

AMINA added $801 million of net new assets to the bank in 2024. Revenue from trading derivatives surged 40% as the need for institutions for crypto risk management solutions continues to rise.

The bank also maintained zero defaults on its loan book for the fifth consecutive year—an exception in the volatile crypto space.

Launch of In-House Digital Platform

To cater to its increasing number of clients, AMINA is scheduled to launch an in-house digital platform by the end of 2025. It will enable B2C, B2B, and B2B2C transactions through API-based infrastructure.

“Our liquidity coverage ratio was 228%, and our CET1 capital ratio is now 34%,” CFO Mike Foy stated.

Global Revenue Posts Triple-Digit Growth

AMINA’s Abu Dhabi operations saw a 150% boost in revenues, and Hong Kong operations grew 570% year over year. It will increase 30 B2B2C partners by the end of 2025.

Financed by FINMA, FSRA, and SFC, AMINA Bank is evolving from legacy finance to a digital asset services provider across all its domains.

The December 2023 rebranding of SEBA-to-AMINA manifests its vision to consolidate traditional and crypto finance under one worldwide platform.