More Institutional Investment Coming? Liechtenstein’s Bank Frick Launches Crypto Trading Platform for Institutions

Bank Frick, a Liechtenstein-based bank known for their pioneering role in blockchain banking, is launching an institutional cryptocurrency trading platform subsidiary called DLT Markets AG (DLT Markets), according to an announcement made on February 20.

Per the announcement, DLT Markets will provide institutional investors with a professional-grade platform for the trading of digital assets in a secure and regulated environment.

“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.”

Bank Frick on Blockchain Innovation

The CEO of Bank Frick, Edi Wögerer, is dedicated to pioneering blockchain technology in the banking sector and has been for some time.

For instance, in March 2018, Bank Frick started offering direct investment and cold storage custody services for 5 major cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and Ethereum (ETH).

As well, Bank Frick supports Initial Coin Offerings (ICOs), making it a leading bank in the cryptosphere.

In a statement, Wögerer said:

“In establishing The DLT Markets AG, we are significantly building on our leading position in the area of regulated blockchain banking. With our spin-off, we are offering institutional clients a unique combination of a fintech company and a bank regulated by the EU. The trading and safekeeping of digital assets thus go hand in hand – just like they do in traditional securities business.”

Offering Regulatory Security and Professionalism in the Crypto Market

The DLT Markets crypto trading platform provides institutional clients with automated multi-exchange access, with Bank Frick as the central custodian.

DLT Markets will administer order data and perform the risk and position management processes to ensure that assets and payment flows are securely booked. This process provides the proper regulatory quality and environment that traditional securities investors are used to.

According to the CEO of DLT Markets, Roger Wurzel, who previously worked in business development at Bank Frick, the structure of DLT Markets will bring about a level of professionalism in the crypto industry.

Per the Bank’s announcement, 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.”

When will the crypto industry see an impact from all of the institutional investment that’s purportedly coming to crypto? Let us know what you think in the comment section below.




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