AMINA Bank, a leading Swiss crypto bank, has today announced its strategic partnership with Pyth Network, the premier decentralised financial oracle. AMINA Bank will provide price data for digital assets to the Pyth Network to bolster its real-time price feeds, benefiting users across different strands of finance.
AMINA Bank’s partnership with Pyth Network underscores its commitment to innovation and highlights its dedication to improving accessibility of digital assets to the general public. By providing this data, AMINA Bank aims to enhance the accuracy and efficiency of the price feeds offered by Pyth Network, ultimately benefiting users and applications across a variety of financial sectors. This collaboration signifies a further step forward in improving the user experience and accessibility of Web3 applications, further solidifying AMINA’s position as a pioneer in digital finance.
Anes Fific, COO at AMINA Bank commented, “Our partnership with Pyth is an important milestone in AMINA’s dedication to integrate the Web3 world with traditional finance. As these worlds come closer together, AMINA is proud to be at the forefront of this transformation. By working with Pyth to provide our digital asset price data, we can give users in digital finance more robust data and information they need to make informed decisions about DeFi and crypto.”
AMINA Bank's decision to join Pyth Network represents a clear example of how a regulated entity can play a role in a decentralized oracle network. As the first banking entity to join Pyth Network's data provider community, AMINA Bank is at the forefront of revolutionising the banking sector's role in the emerging digital asset landscape at a time when digital assets are moving toward a new level of maturity.
“As Pyth Network expands its on-chain financial price data offerings for smart contract developers, we are pleased to welcome AMINA Bank to the community of data providers. By providing this data, AMINA Bank is able to generate an entirely new revenue stream for their business without incurring significant costs.” said Michael Cahill, CEO of Douro Labs
Established with a mission to provide comprehensive solutions for digital asset trading, investing, and custody, AMINA Bank successfully secured a Swiss banking and securities dealer license since August 2019. With regulated hubs in Switzerland, Abu Dhabi, and Hong Kong, AMINA Bank offers a unique value proposition, combining broad, vertically integrated services with the highest security standards.
