Leonteq, the Switzerland-based fintech firm, has 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.
It has been reported that the firm is now set to make further strides in the emerging space, 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.”
However, after 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, among others.
The report said that tracking certificates for each of these assets can be viewed on the Börse Frankfurt Zertifikate AG. After this, Leonteq reportedly boasts the biggest crypto offering for both institutional and retail investors in the DACH region (Germany, Austria, and Switzerland).
Thus, Tino Wendisch, the 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.”