Swiss fintech firm Leonteq has presented its advanced resource items in two adjoining locales, Germany and Austria. The organization is dispatching its crypto offering with the assistance of a Frankfurt-based bank and in light of revenue from institutional and private financial backers.
Leonteq Provides German and Austrian Investors With Exposure to Major Cryptocurrencies
Leonteq is introducing a broad scope of items to financial backers in Germany and Austria after a fruitful extension in its home market, Switzerland. It offers openness to a sum of 18 crypto resources, including bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), and litecoin (LTC), which can be exchanged securitized design in the three nations, the fintech declared Thursday.
Tracker authentications on these crypto resources are presently accessible for financial backers as recorded items on Börse Frankfurt Zertifikate AG (Open Market), Leonteq point by point in a public statement. The organization additionally uncovered it’s teaming up with ICF Bank AG, Frankfurt, the main protection exchanging bank Germany, for the organizing and appropriation of organized items on crypto resources.
Sasch Rinno, an individual from the bank’s Management Board, brought up that Leonteq is a setup guarantor of organized authentications and crypto resources. “We are satisfied to be working with them,” he expressed and stressed:
Through this collaboration with Leonteq, we are meeting the premium of both institutional financial backers just as private financial backers in crypto resources.
Tino Wendisch, head of crypto offering at Leonteq, noticed that the fintech firm is currently hovering around 76% of the absolute market capitalization of the arising resource class in the German and Austrian business sectors. Björn Geidel, who heads deals in the two nations, gathered that Leonteq and ICF Bank have been working into a single unit for a long time in the space of market-making of organized items.
Swiss fintech has been a pioneer in offering organized items on crypto resources. The organization has been giving tracker declarations and effectively oversaw authentications on the main digital currencies in Switzerland since 2017. Around the same time, Leonteq additionally offered its customers a short tracker endorsement and in 2019, an opposite convertible on BTC.
ICF Bank furnishes institutional customers with proficient administrations identified with protections exchanging and capital business sectors. Its business is additionally centred around market making, execution deals, and deals exchanging for both homegrown and worldwide customers just as the turn of events and estimation of altered lists.