Bank Frick, a private bank from Liechtenstein, headquartered in Balzers, has decided to establish an institutional cryptocurrency trading platform subsidiary: DLT Markets which will provide institutional investors with fully regulated and secure access to the multi-exchange trading of digital tokens.
This isn’t the first advance of bank Frick in the world of digital technologies. Bank Frick is the first financial institution in Liechtenstein which offers participants and intermediaries the trading of leading cryptocurrencies as well as the facility of offline storage.
“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.”
—CEO DLT, Roger Wurzel
Owned by the Kuno Frick Family Foundation and Net 1 UEPS Technologies, Inc., Bank Frick employs around 120 members of staff and operates a branch in London, UK. The project is under the wing of highly competent individuals like CEO Roger Wurzel who has an impressive portfolio in the world of equities and trading: experience in Business Development at Bank Frick as well as over 20 years at Deutsche Bank AG as well as Markus Besler who will lead the Business Development of the project. Markus is a blockchain project developer at Bank Frick and co-founder of Styxchange – a platform that provides cloud-based interface for accounting solutions for blockchain transactions.
“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,”
—Edi Wögerer, CEO of Bank Frick
In DLT markets, Bank Frick will be responsible for the central safekeeping of tokens. Customers will be able to trade cryptocurrencies on various international exchanges and will rely on the regulatory environment of a universal bank, making this project unique in the global markets.
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