AMINA Bank and Crypto Finance Demo Real-Time Cross-Currency Settlement on Google Cloud

Core Insights - A pilot conducted by AMINA Bank AG and Crypto Finance Group demonstrates the potential of distributed ledger technology (DLT) to modernize traditional financial infrastructure without the need for new digital currencies [1][3] - The pilot showcased near-real-time, 24/7 settlement of domestic fiat transactions among Swiss-regulated institutions, maintaining compliance and security standards [2][6] - Switzerland is positioning itself as a leader in payment modernization, leveraging programmable commercial bank money to facilitate large-scale account-to-account transfers [4][5] Industry Implications - The integration of DLT within existing banking frameworks can significantly accelerate settlement processes while preserving regulatory stability [3][6] - Institutions participating in the pilot can reduce operational friction and funding costs, enhancing client services across various segments [5][7] - The initiative is seen as a pivotal moment for digital financial markets, establishing a trusted foundation for digital payments and tokenized assets [7]