Bank Frick Announces Regulated Platform for Trading Digital Tokens

 

 

 

 

 

 

Liechtenstein-based Bank Frick announced this week that it will launch a new crypto token trading platform called DLT Markets. The subsidiary will provide institutional investors with a regulated platform offering “multi-exchange access” to digital asset trading, according to a February 20 press release.

DLT Markets CEO Roger Wurzel said:

“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.”

Bank Frick has been increasingly focused on blockchain banking and recently created its Distributed Ventures AG subsidiary to promote and fund blockchain and other fintech startups. DLT Markets is its latest effort to develop a “future-oriented financial ecosystem” by combining blockchain banking with greater regulatory security.

Bank Frick CEO Edi Wögerer highlighted the benefits for the bank and its clients:

“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.”

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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