Fintech company Leonteq expands crypto offering in Europe


Following the successful expansion of its cryptocurrency service within its homeland of Switzerland, fintech firm Leonteq has now launched a collaborative effort with ICF Bank — one of Germany’s leading securities trading banks — to bring crypto to institutional investors throughout Germany and Austria.

Well regarded for their accolades in the Swiss markets, including being the “world’s first short tracker certificate on Bitcoin in 2017, as well as the world’s first reverse convertible on Bitcoin in 2019,” the firm is now set to make further strides in the emerging space.

Following the evolution of a multi-year relationship, Leonteq and ICF Bank have teamed up in an effort to branch the former’s financial offerings beyond traditional structured assets with the introduction of 18 crypto-based assets including the impassable Bitcoin (BTC) and Ether (ETH), as well as Cardano (ADA), Aave (AAVE) and XRP, amongst others.

Tracking certificates for each of these assets can be viewed on the Börse Frankfurt Zertifikate AG.

Related: What the SEC can learn from the German regulator

Following this, Leonteq reportedly boasts the biggest crypto offering for both institutional and retail investors in the DACH region (Germany, Austria and Switzerland).

Commenting on the benefits that their customers will experience following this news, Tino Wendisch, head of crypto offering at Leonteq stated:

“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.”

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