Saturday January 16, 2021
BTC $36,229.00 (-6.05%)   ETH $1,167.61 (-3.79%)
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
SWAP BITCOIN NOW
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Investment Management

Bank Frick and Bitcoin Suisse launching BTC-ETH tracker certificate as token

Published by CryptoNinjas.net
04/09/2019

Bank Frick, a family-run blockchain-friendly Liechtenstein bank, announced today it is issuing an active BTC-ETH tracker, with Swiss blockchain technology firm Bitcoin Suisse acting as the blockchain service provider and prime broker. The certificate is available as both classic security and a token, thus suitable for traditional and blockchain-savvy investors.

The certificate’s underlying assets are Bitcoin (BTC) and Ether (ETH), allowing qualified investors to diversify their portfolios in a simple manner with cryptocurrencies. The certificate is accessible via ISIN and ERC20 token.

Active management

The BTC-ETH tracker will be actively managed. Bank Frick and Bitcoin Suisse form an investment committee that decides on the weighting of the included underlying assets on a quarterly basis. Changing market conditions are taken into account as part of this process. Upon the start of trading today, the crypto certificate is equally weighted. The investment objective of the active BTC-ETH tracker is to participate in the performance of the underlying assets across its two-year term.

Security and expertise

As the issuer, Bank Frick is responsible for the issuing of the crypto certificate, which is aimed exclusively at qualified investors. Bitcoin Suisse acts as a crypto broker and is responsible for the execution of the BTC and ETH transactions via the global crypto exchanges.

Stefan Lütolf, Head of Trading & Brokerage at Bitcoin Suisse, is convinced of the merits of the joint development: “With the active BTC-ETH tracker, we demonstrate our joint expertise and provide investors with a new form of capital market access.”

The cryptocurrencies will be held in safe custody by Bitcoin Suisse using cold storage and multi-signature solutions.

A future-oriented capital market solution

The issuing of the active BTC-ETH tracker as both classic security and a token is pioneering. The two European first movers in the field of crypto financial services, Bank Frick and Bitcoin Suisse, are thus underlining their claim of developing innovative products in order to anchor blockchain banking on the market.

“The product’s design demonstrates the innovative capacity that links Bank Frick and Bitcoin Suisse,” emphasizes Raphael Haldner, Head of Funds and Capital Markets at Bank Frick. “With our certificate, professional market participants benefit from a future-oriented capital market solution.”

16
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

Bitcoin Suisse announces Series A capital raise

05/08/2020
Bitcoin Suisse increases earnings share for Tezos bakers and stakers

Bitcoin Suisse increases earnings share for Tezos (XTZ) bakers and stakers

03/10/2020
Swiss municipality Zermatt to accept bitcoin for taxes and transactions

Swiss municipality Zermatt to accept bitcoin for taxes and transactions

01/29/2020
Bank Frick welcomes arrival of Liechtenstein Blockchain Act

Bank Frick welcomes arrival of Liechtenstein Blockchain Act

01/22/2020

Bitcoin Suisse launches staking service for Ethereum 2 (ETH2) blockchain

11/27/2019

Bitcoin Suisse Vault completes 3rd party audits including ISAE 3402 reporting

11/14/2019
Load More
Leave Comment
CoinSwitch: Instant Cryptocurrency Exchange and Converter CoinSwitch: Instant Cryptocurrency Exchange and Converter CoinSwitch: Instant Cryptocurrency Exchange and Converter

Recent Updates

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Cryptohopper launches new feature to automatically test, rank, and deploy trading strategies

Binance adds Navcoin (NAV) to their locked staking program

Loans now available on the Crypto.com Exchange

Modulus CEO: Parler & Amazon Strife Highlight Danger for Digital Asset Exchanges

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Purchase 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Nisbah Capital joins Tezos blockchain baker ecosystem

IOHK expands Cardano development fund with launch of new $500K round

Instimatch to leverage Algorand blockchain to advance settlement and payment solutions

Crypto exchange Poloniex launches XRP perpetual futures

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy