Leonteq AG, a Swiss-based financial institution, has announced that it has partnered with ICF Bank AG to launch digital asset offers to institutional investors and private clients that are based in Germany and Austria. The initiative will reportedly expose investors to 18 cryptocurrencies, including major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
Leonteq AG, a Swiss finance firm that specializes in structured financial products, has announced that it will allow investors in Germany and Austria to work with 18 cryptocurrencies. These currencies will include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Cardano, and more.
The firm further revealed a partner which is with a Frankfurt-based company-ICF Bank AG. The Swiss company now owns a 76% share of the total market capitalization of the digital assets class in the German and Austrian regions, said Björn Geidel, the head of crypto offering at Leonteq.
He further shared his views on this new opportunity and said
“We are proud to offer such a vast universe and unique investment opportunities to our clients in various secure formats such as decentralized finance, storage, or blockchain technologies in the crypto space.
Sascha Rinno, a member of the ICF Bank Management Board, noted that investors in the DACH region (Austria, Germany, and Switzerland) are showing a growing appetite for digital asset operations.
He further said the collaboration with Leonteq would be beneficial for those who want and are looking forward to joining the crypto market.
With this new partnership with Leonteq, the firm is rather trying to cater to a wider group of people like institutional investors and private investors, while Leonteq being a reputed and well-structured fintech firm, that provides the best and quality supplies of the crypto assets, and thus we are happy and are looking forward to working with them.
There have been similar trials in Switzerland implementing cryptocurrencies where the local banks had announced their intentions for launching crypto-related services.
For instance, Signum Bank – a Swiss-based financial institution – has revealed that it will be the first bank to issue Ethereum 2.0 shares. The company explained that it has fully integrated stacking services into its platform, highlighting increased security.
