Following the successful expansion of its crypto service within its homeland of Switzerland, fintech firm Leonteq has now launched a collaborative effort with ICF Bank – one of Germany’s top securities trading banks – to bring cryptocurrencies to institutional investors throughout Germany and Austria.
Well regarded for their accolades within the Swiss markets, including being the “world’s first short tracker certificate on Bitcoin earlier in 2017, also as the world’s first reverse convertible on Bitcoin in 2019,” the firm is now set to form further strides within the emerging ecosystem.
Following the evolution of a multi-year relationship, Leonteq and ICF Bank are working in collaboration in an attempt to branch the former’s financial offerings beyond traditional structured assets with the introduction of 18 different cryptocurrencies based assets along with the impassable Bitcoin [BTC] and Ethereum [ETH], Cardano [ADA], Aave [AAVE] and Ripple [XRP], amongst others.
Tracking certificates for every one of those assets are often viewed on the Börse Frankfurt Zertifikate AG.
Following this, Leonteq reportedly boasts the leading cryptocurrency offering for both institutional and retail investors within the DACH region [Germany, Austria, and Switzerland].
Commenting on the advantages that their users will experience following this news, Tino Wendisch, head of cryptocurrency offering at Leonteq revealed:
“We are proud to offer our clients such a broad underlying universe and unique investment opportunities in various themes within the cryptocurrency ecosystem like DeFi [Decentralized Finance], storage or blockchain technologies within a securitized format.”