Switzerlands Leonteq offers crypto assets to investors in Germany and Austria – Bitcoin News

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Swiss fintech Leonteq has introduced its digital asset products in two neighboring jurisdictions, Germany and Austria. The company is launching its crypto offering with help from a Frankfurt-based bank and in response to interest from institutional and private investors.

Leonteq offers German and Austrian investors exposure to major cryptocurrencies

Leonteq presents a wide range of products to investors in Germany and Austria after successful expansion into its home market, Switzerland. It offers exposure to a total of 18 crypto assets, including bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH) and litecoin (LTC), which can be traded in the securitized format in all three countries. , announced Thursday the fintech. .

Trailing certificates on these crypto assets are now available to investors as listed products on Börse Frankfurt Zertifikate AG (Open Market), Leonteq detailed in a press release. The company also revealed that it is working with ICF Bank AG, Frankfurt, one of the leading securities trading banks in Germany, for the structuring and distribution of structured products on crypto assets.

Sasch Rinno, a member of the bank’s board of directors, pointed out that Leonteq is an established issuer of structured certificates and crypto assets. “We are delighted to work with them,” he said and underlined:

Through this cooperation with Leonteq, we respond to the interest of institutional investors as well as private investors for crypto assets.

Tino Wendisch, head of crypto offering at Leonteq, noted that the fintech company now covers around 76% of the total market capitalization of the emerging asset class in the German and Austrian markets. Björn Geidel, who heads sales in both countries, added that Leonteq and ICF Bank have worked together for many years in the market making of structured products.

Swiss fintech has been a pioneer in offering structured products on crypto assets. The company has been issuing tracker certificates and actively managed certificates on the main cryptocurrencies in Switzerland since 2017. In the same year, Leonteq also offered its clients a short tracker certificate and in 2019, a reverse convertible on BTC.

ICF Bank provides professional services related to securities trading and capital markets to institutional clients. Its activities are also focused on market making, execution sales and sales transactions for national and international clients, as well as the development and calculation of custom indices.

What do you think of Leonteq’s expansion in Germany and Austria? Let us know in the comments section below.

Tags in this story austria, austrian, BCH, Bitcoin, bitcoin cash, BTC, Collaboration, Cooperation, crypto assets, Crypto products, Cryptocurrencies, derivatives, Digital assets, Frankfurt, German, Germany, ICF bank, Investors, Leonteq, offer , Titles, Swiss, Switzerland

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