Leonteq. Swiss Fintech Firm, announced plans to extend its cryptocurrency services to Germany and Austria.
Leonteq AG, a Swiss financial institution, established a partnership with ICF BANK AG to provide digital asset solutions to institutional and individual customers in Germany and Austria. Investors would get exposure to 18 cryptocurrencies, including the market leaders Bitcoin (BTC) and Ethereum (ETH) (ETH).
Leonteq AG — a Swiss company specialized in structured financial products – recently announced that it will enable investors in Germany and Austria to trade 18 cryptocurrencies. Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, and Cardano are just a few examples.
Additionally, the fintech firm said that its partner is the Frankfurt-based ICF BANK AG. Björn Geidel, Leonteq’s Head of Crypto Offering, said that the Swiss company currently controls almost 76 percent of the asset class’s entire market value in Germany and Austria.
“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”
Sascha Rinno, a member of the ICF BANK’s Management Board, said that investors in the DACH area (Austria, Germany, and Switzerland) have shown an increasing demand for digital asset transactions. He stated that collaborating with Leonteq would benefit anyone interested in entering the cryptocurrency market:
“Through our collaboration with Leonteq, we are able to cater to both institutional and private investors interested in crypto assets. Leonteq is a well-established issuer that embodies excellence and quality in the area of structured certificates and digital assets, and we are delighted to collaborate with them.” Leonteq is a significant fintech firm based in Zurich. It offers structured financial solutions in addition to insurance. The company serves more than 50 markets and claimed managing more than $140 billion in assets.
Swiss Banks Concentrate on Cryptocurrency.
Switzerland’s cryptocurrency climate seems to be favorable for local banks, since many have lately declared plans to offer such services. For instance, in May, the global investment bank UBS Group contemplated allowing its affluent clients to invest in digital assets later that year. However, the financial institution cautioned against the cryptocurrency sector’s notorious volatility and said that it would only enable customers to invest a “very tiny percentage” of their overall fortune to cryptocurrency.
As CryptoPotato previously reported, Sygnum Bank — another Swiss-based financial institution – said last month that it will become the first bank to provide Ethereum 2.0 staking. The firm said that staking services are completely integrated into its platform, emphasizing the added security.
Also Read: Elon Musk Declares Dogecoin To Be The “Strongest” Crypto For Payments
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