The Liechtenstein-based Bank Frick has created a cryptocurrency trading platform for institutional investors. The new service will be offered via DLT Markets AG, its subsidiary, and will allow its clients to buy and/or sell cryptocurrencies from a variety of exchanges.
“[This] allows investors to trade and manage digital tokens in a regulated environment, as they are used to from the traditional securities business.” — The bank said.
And it is not all.
The new segment will also manage order data and carry out risk and position processes — and will offer custodial services to institutional investors trading crypto, who will have to comply with know-your customer (KYC) and anti-money laundering (AML) terms.
“With our fully regulated platform, we are driving professionalism with regard to the trading of digital tokens and cryptocurrencies.” — Said Roger Wurzel, DLT Markets CEO.
Liechtenstein is a crypto-friendly country. It has attracted crypto-related companies, thanks to favorable legislation, and has been showing interest for the blockchain technology and increasing acceptance of cryptocurrencies.
The Bank Frick has been supporting Initial Coin Offerings (ICO), providing custody of digital-assets and offering dealing services in major cryptocurrencies. The establishment of the institutional trading platform is one more step on its investment in this sector.
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