The Swiss financial institution Leonteq AG established a collaboration with ICF BANK AG to deliver digital asset services to German and Austrian organizations and individual consumers in Germany and Austria. Investors will be able to choose from 18 different cryptocurrencies, including the two most popular, Bitcoin (BTC) and Ethereum (ETH).]
Swiss business Leonteq AG, which specializes in structured financial solutions, will make 18 cryptocurrencies available to German and Austrian clients in the next weeks. Cardano and Ripple are among the other cryptocurrencies featured.
ICF BANK AG, a Frankfurt-based institution, is one of the fintech firm’s partners.
According to Björn Geidel, Leonteq’s Head of Crypto Offering, the Swiss business currently owns about 76 percent of Germany and Austria’s overall market value for crypto assets.
As a consequence, we’re thrilled to be able to provide our clients with the option to invest in such a diverse selection of crypto-related issues.
Investors in the DACH area (Austria, Germany, and Switzerland), according to Sascha Rinno of the ICF BANK, are growing more interested in digital asset operations overall.
Working with Leonteq, he stated, will assist anybody looking to get into the crypto market: “Through our collaboration with Leonteq, we are satisfying the interest of both institutional and private investors in crypto assets. We are thrilled to be working with Leonteq, an experienced issuer that stands for excellence and quality in the sector of structured certificates and crypto assets.”
The headquarters of Leonteq, a major fintech firm, is located in Zurich, Switzerland. The business provides structured finance and insurance services. As a consequence, the firm now manages over $140 billion in assets in over 50 markets.
Some Swiss banks are planning to introduce cryptocurrency-related services shortly, according to recent statements.
UBS Group, a worldwide investment firm, contemplated enabling its rich clients to invest in digital assets in 2021 earlier this year. Customers will be limited to allocating a “very small portion” of their overall wealth to cryptocurrency as a result of this.
As CryptoPotato did a month ago, it was previously announced that Sygnum Bank in Switzerland will be the first bank to offer Ethereum 2.0 staking services. All staking systems are currently incorporated into the business’s system, leading to enhanced security for its consumers, according to the corporation.