Bank Frick, a Liechtenstein bank known for its pioneering role in blockchain banking, is launching DLT Markets (DLT Markets), an institutional subsidiary for crypto currency trading, as announced on 20 February.
Going to the crypto market
Bank Frick, a Liechtenstein institution, plans to launch an institutional crypto currency trading platform called DLT Markets, the bank said in a statement released on 22nd February.
DLT Markets will provide institutional investors the opportunity to invest in the Krypto asset class through a “fully regulated and secure multi-wallet”.
“With our spin-off, we are offering institutional clients a unique combination of a fintech company and a bank regulated by the EU [.]”
A personal work on crypto
The CEO of Bank Frick, Edi Wögerer, has been devoting himself to the pioneering work of blockchain technology in the banking sector for some time.
For example, in March 2018, Bank Frick began offering direct investment and cold storages for 5 key cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP) and Ethereum (ETH).
In addition, the bank supports Frick Initial Coin Offerings (ICOs), making it a leading bank in the cryptosphere.