Liechtenstein bank launches crypto trading

Image for post
Image for post

Bank Frick, based in Liechtenstein, is launching an institutional cryptocurrency trading platform subsidiary, DLT Markets, according to a report from Cointelegraph.

The bank said in its official statement that the subsidiary “will provide institutional investors with professional access to the multi-exchange trading of digital tokens.”

It also claims that DLT Markets “is developing a unique, globally positioned platform, which combines the regulatory security of the traditional securities business with the advantages offered by the new digital token asset class.” This will allow investors to trade and manage digital tokens in a regulated environment, as they are used to from the traditional securities business.

Edi Wögerer, CEO of Bank Frick, proudly declared, “With our spin-off, we are offering institutional clients a unique combination of a fintech company and a bank regulated by the EU.”

Frick has appointed Roger Wurzel, who previously worked in business development at Bank Frick, as the CEO of the new subsidiary. Wurzel has a wealth of proven experience in trading cryptocurrencies, and before joining Bank Frick, he worked internationally for over 20 years at Deutsche Bank AG in equities and derivatives trading. Wurzel said: “We are creating a unique market offering for institutional investors in the area of the new digital token asset class. With our fully regulated platform, we are driving professionalism with regard to the trading of digital tokens and cryptocurrencies.”

The Business Development area of DLT Markets is headed by Markus Besler, most recently a blockchain project developer at Bank Frick and previously a co-founder of Styxchange — a cooperative which provides a cloud-based interface for accounting solutions for blockchain transactions.

Bank Frick recently established Distributed Ventures AG, a subsidiary tasked with promoting and financing fintech and blockchain start-ups. Therefore, the establishment of DLT Markets represents a further step for Bank Frick in developing a future-oriented financial ecosystem and combines regulatory security with the benefits of blockchain banking.

Written by

A blockchain platform that will take banking to another level

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store