Leonteq, a Swiss-based financial firm, has developed an investing suite of 18 crypto assets with an emphasis on institutional investors in Germany and Austria.
Fintech firm Leonteq has announced a collaboration with ICF Bank, one of Germany’s leading securities trading banks, to bring cryptocurrency to institutional investors throughout Germany and Austria. The collaboration follows the successful expansion of the company’s cryptocurrency service in its home country of Switzerland.
The firm is well-known in the Swiss markets for its accomplishments, which include being the “world’s first short tracker certificate on Bitcoin in 2017, as well as the world’s first reverse convertible certificate on Bitcoin in 2019,” and is now poised to make even greater strides in the emerging space.
Leonteq and ICF Bank have partnered in an effort to broaden the former’s financial offerings beyond traditional structured assets. The introduction of 18 crypto-based assets includes the unbreakable Bitcoin (BTC) and Ether (ETH), as well as Cardano (ADA), Aave (AAVE), and XRP, amongst others.
The partnership is the culmination of a multi-year relationship. It is possible to view the tracking certificates for each of these assets on the website of the Börse Frankfurt Zertifikate AG.
According to reports, Leonteq now has the largest cryptocurrency offering in the DACH region, including offerings for both institutional and individual investors (Germany, Austria and Switzerland).
The following is what Tino Wendisch, head of crypto offering at Leonteq, had to say about the benefits that their customers will have as a result of this announcement:
“We are proud to offer our clients such a broad underlying universe and unique investment opportunities in various themes within the crypto space such as decentralized finance, storage or blockchain technologies in a securitised format.”