Blockchain and token advisory AmaZix, today announced the formation of a partnership with Bank Frick in Liechtenstein, who has been building an expert reputation for providing blockchain banking services.
Bank Frick was among the first in the world to offer unique crypto-related products services, including in 2017, introducing Europe’s first certificate for professionals and financial intermediaries to invest in Bitcoin and Ether. Last year, they also participated in the development of the world’s first three crypto Alternative Investment Funds (AIFs) legally structured to European requirements.
“At Bank Frick, we recognized the potential of these innovations and moved early to secure ourselves in blockchain banking, for which we are specialized in now. We saw the same values in AmaZix, who are proponents of ultimate mainstream adoption. Through this formal relationship, we will recommend to AmaZix projects who require their services.”
“Exchanges, especially, have generally met with eventual success. An example is Coinbase, who recently secured accounts with Barclays in the UK. But we’ve seen even the likes of Bitfinex and Kraken go through their struggles, as the banking industry continues to come to grips with the maturing fintech sector, including blockchain and cryptocurrency.”
“At AmaZix, we consider ourselves as a cover-all solution for tokenization needs and will be referring to Bank Frick banking customers that meet compliance levels required. We feel there really is no better banking partner at the moment, and for me, it is a great pleasure to be associated with a fellow pioneer at this level. We saw how, in a relatively short period of time, Bank Frick recorded a tremendous number of accomplishments. A strong bank, it is the only institution in Liechtenstein with acquiring licenses from Mastercard and Visa. Uniquely, EEA membership and a customs union with Switzerland mean that clients have easy access to both the Swiss and EU markets via passporting. Bank Frick was also among the first to offer custodial services for Bitcoin.”