Swiss fintech Leonteq has launched its digital asset merchandise in two neighboring jurisdictions, Germany and Austria. The corporate is launching its crypto providing with assist from a Frankfurt-based financial institution and in response to curiosity from institutional and personal traders.
Leonteq affords German and Austrian traders publicity to main cryptocurrencies
Leonteq presents a variety of merchandise to traders in Germany and Austria after profitable enlargement into its dwelling market, Switzerland. It affords publicity to a complete of 18 crypto property, together with bitcoin (BTC), ethereum (ETH), bitcoin money (BCH) and litecoin (SLD), which will be traded within the securitized format in all three international locations, fintech introduced Thursday.
Tracker certificates on these crypto property at the moment are accessible to traders as listed merchandise on Börse Frankfurt Zertifikate AG (Open Market), Leonteq detailed in a press launch. The corporate additionally revealed that it’s working with ICF Financial institution AG, Frankfurt, one of many main securities buying and selling banks in Germany, for the structuring and distribution of structured merchandise on crypto property.
Sasch Rinno, a member of the financial institution’s board of administrators, identified that Leonteq is a longtime issuer of structured certificates and crypto property. “We’re delighted to work with them,” he stated and underlined:
By way of this cooperation with Leonteq, we reply to the curiosity of institutional traders in addition to non-public traders for crypto property.
Tino Wendisch, head of crypto providing at Leonteq, famous that the fintech firm now covers round 76% of the entire market capitalization of the rising asset class within the German and Austrian markets. Björn Geidel, who heads gross sales in each international locations, added that Leonteq and ICF Financial institution have labored collectively for a few years available in the market making of structured merchandise.
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 principle cryptocurrencies in Switzerland since 2017. In the identical 12 months, Leonteq additionally supplied its shoppers a brief tracker certificates and in 2019, a reverse convertible on BTC.
ICF Financial institution offers skilled companies associated to securities buying and selling and capital markets to institutional shoppers. Its exercise can also be centered on market making, execution gross sales and gross sales transactions for nationwide and worldwide shoppers, in addition to the event and calculation of personalised indices.
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