Swiss crypto bank Amina Bank completes DLT settlement test via Google Cloud

ChainCatcher reported that Swiss crypto bank Amina Bank, together with Crypto Finance Group and its partner banks, recently completed a distributed ledger technology (DLT) pilot through Google Cloud Universal Ledger: achieving fiat currency settlement between Swiss regulated banks in near real-time, 24/7.

This pilot did not introduce new digital currencies, but continued to use traditional commercial bank funds, demonstrating that DLT technology can be seamlessly integrated into traditional banking systems under existing regulatory and compliance frameworks. According to the official statement, this achievement lays the foundation for the future promotion of "cross-border payments," "multi-currency settlement," and "physical point-of-sale (POS) integrated payments," indicating that the traditional financial system may usher in a transformation towards Web3/blockchain infrastructure.