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HomeNewsMarketsSwiss Fintech Firm Leonteq Expands Cryptocurrency Services to Germany and Austria

Swiss Fintech Firm Leonteq Expands Cryptocurrency Services to Germany and Austria

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The Switzerland-based monetary establishment – Leonteq AG – introduced it partnered with ICF BANK AG to introduce digital asset choices to institutional buyers in addition to personal purchasers in Germany and Austria. The initiative would grant buyers publicity to 18 cryptocurrencies, together with the main ones, Bitcoin (BTC) and Ethereum (ETH).

Leonteq Stretches out of Switzerland

Leonteq AG – a Swiss agency specializing in structured monetary merchandise – announced it might enable buyers in Germany and Austria to function with 18 cryptocurrencies. These embrace Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Cardano, and extra.

The fintech firm additional revealed that its associate is the Frankfurt-based establishment – ICF BANK AG. Björn Geidel – Head of Crypto Offering at Leonteq – famous that the Swiss group now covers practically 76% of the entire market capitalization of the asset class within the German and Austrian areas.

“We are proud to offer our clients such a broad underlying universe and unique investment opportunities in various themes within the crypto space such as decentralized finance, storage or blockchain technologies in a securitized format” – he added.

Björn Geidel
Björn Geidel, Source: Börse Social

In his flip, Sascha Rinno – a member of the ICF BANK’S Management Board – famous that the buyers within the DACH area (Austria, Germany, and Switzerland) have been exhibiting a rising urge for food for digital belongings operations. He asserted that the collaboration with Leonteq could be helpful to these prepared to be a part of the crypto market:

“Through this cooperation with Leonteq, we are meeting the interest of both institutional investors as well as private investors in crypto assets. Leonteq is an established issuer that stands for excellence and quality in the field of structured certificates and crypto assets, and we are pleased to be working with them.”

Leonteq is a serious fintech firm headquartered in Zurich. It supplies structured monetary merchandise in addition to insurance coverage merchandise. The agency serves greater than 50 markets and has reported over $140 billion in belongings beneath administration.

Swiss Banks Focus on Crypto

The cryptocurrency setting in Switzerland seems to be appropriate for the native banks as a few of them just lately introduced intentions to launch such companies.

For instance, again in May, the multinational funding financial institution – UBS Group – considered enabling its rich clients to digital asset investments later in 2021. However, the monetary establishment warned in regards to the notorious volatility of the cryptocurrency sector and would enable purchasers to allocate a “very small portion” of their complete wealth.

As CryptoPotato reported a month in the past, Sygnum Bank – one other Swiss-based monetary establishment – revealed it might grow to be the primary financial institution to present Ethereum 2.0 staking. The firm defined that staking companies are totally built-in into its platform, highlighting elevated safety.

 

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(This story has not been edited by CryptoNFT | Latest News Live and is revealed from a syndicated feed.)

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