Swiss fintech agency Leonteq has launched its digital asset merchandise in two neighboring jurisdictions, Germany and Austria. The corporate is launching its crypto providing with the assistance of a Frankfurt-based financial institution and in response to curiosity from institutional and personal buyers.
Leonteq Gives German and Austrian Traders With Publicity to Main Cryptocurrencies
Leonteq is presenting an intensive vary of merchandise to buyers in Germany and Austria after a profitable growth in its house market, Switzerland. It presents publicity to a complete of 18 crypto property, together with bitcoin (BTC), ethereum (ETH), bitcoin money (BCH), and litecoin (LTC), which may be traded in securitized format within the three international locations, the fintech introduced Thursday.
Tracker certificates on these crypto property at the moment are out there for buyers as listed merchandise on Börse Frankfurt Zertifikate AG (Open Market), Leonteq detailed in a press launch. The corporate additionally revealed it’s collaborating with ICF Financial institution AG, Frankfurt, a number one securities buying and selling financial institution in Germany, for the structuring and distribution of structured merchandise on crypto property.
Sasch Rinno, a member of the financial institution’s Administration Board, identified that Leonteq is a longtime issuer of structured certificates and crypto property. “We’re happy to be working with them,” he acknowledged and emphasised:
By means of this cooperation with Leonteq, we’re assembly the curiosity of each institutional buyers in addition to non-public buyers in crypto property.
Tino Wendisch, head of crypto providing at Leonteq, famous that the fintech agency is now protecting round 76% of the full market capitalization of the rising asset class within the German and Austrian markets. Björn Geidel, who heads gross sales within the two international locations, added that Leonteq and ICF Financial institution have been working collectively for a few years within the space of market making of structured merchandise.
The Swiss fintech has been a pioneer in providing structured merchandise on crypto property. The corporate has been issuing tracker certificates and actively managed certificates on the main cryptocurrencies in Switzerland since 2017. In the identical 12 months, Leonteq additionally provided its shoppers a brief tracker certificates and in 2019, a reverse convertible on BTC.
ICF Financial institution offers institutional shoppers with skilled companies associated to securities buying and selling and capital markets. Its enterprise can also be centered on market making, execution gross sales, and gross sales buying and selling for each home and worldwide shoppers in addition to the event and calculation of personalized indices.
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