Liechtenstein-based Bank Frick has issued an active Bitcoin (BTC) and Ethereum (ETH)-based tracker along with digital finance firm Bitcoin Suisse, the firm announced on April 9.
Starting today, Bank Frick will offer institutional and qualified investors access to its BTC-ETH tracker, the certificates of which will take the form of both a classic security and a token, according to Bank Frick’s press release.
Within the new initiative, Bank Frick acts as issuer and will be responsible for issuing crypto certificates, which target qualified investors exclusively. In turn, Bitcoin Suisse acts as crypto broker and is responsible for the execution of the Bitcoin and Ethereum transactions via global crypto exchanges.
The announcement follows recent news about the appointment of Bank Frick’s head of blockchain banking as the new CEO of the Liechtenstein subsidiary of Bitcoin Suisse. On April 8, Bank Frick revealed that its blockchain expert Mauro Casellini will join Bitcoin Suisse as of July 1 to oversee the expansion of the local subsidiary.
Bank Frick CEO Edi Wоеgerer outlined a close existing collaboration between Bank Frick and Bitcoin Suisse, stating that Bitcoin Suisse is an important crypto broker for Bank Frick,, while Bitcoin Suisse uses services provided by Bank Frick, and the two companies share many of the same clients.
In February, Bank Frick launched an institutional cryptocurrency trading platform subsidiary called DLT Markets. By initiating the move, the bank purportedly intends to provide institutional investors “with fully regulated and secure multi-exchange access to the digital token asset class.”
Last year, Bank Frick announced its was offering direct investment and cold storage of five cryptocurrencies: Bitcoin, Ethereum, Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC).
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