Liechtenstein's Bank Frick has set up a subsidiary, DLT Markets, to provide institutional investors with professional access to the multi-exchange trading of digital assets.
The unit is developing its own trading platform, promising the regulatory security of the traditional securities business for digital tokens.
Clients will get multi-exchange access, with EU-regulated Bank Frick acting as the central custodian and DLT Markets administering order data and performing the risk and position management processes.
DLT Markets CEO Roger Wurzel, who spent 20 years at Deutsche Bank in equities and derivatives trading, says: "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 enthusiastically embraced blockchain technology, recently setting up a unit, called Distributed Ventures, tasked with promoting and financing fintech and DLT start-ups.