Bank Frick, a Liechtenstein-based bank made an announcement on April 9 that it is issuing an active Bitcoin and Ethereum-based tracker in conjunction with digital finance firm, Bitcoin Suisse
Starting on April 10, the bank will offer institutional and qualified investors access to its BTC-ETH tracker. The certificates of the tracker will be in the form of a classic security and a token, according to the announcement.
As part of the initiative, Bank Frick will act as an issuer with the responsibility of issuing crypto-certificates, those that target qualified investors exclusively. Bitcoin Suisse, in turn, will act as a crypto broker with the responsibility of executing Bitcoin and Ethereum transactions through global crypto exchanges.
Bank Frick’s head of blockchain banking was recently appointed as the new CEO of the Liechtenstein subsidiary, Bitcoin Suisse.
Bank Frick’s blockchain expert, Mario Casellini, will join Bitcoin Suisse on July 1 to oversee the expansion of the local subsidiary.
The CEO of Bank Frick, Edi Woegerer highlighted an existing collaboration between Bank Frick and Bitcoin Suisse. He stated Bitcoin Suisse as being an important crypto-broker for Bank Frick. The firm uses the services provided by the bank and both companies share many of the same clients.
Last year, Bank Frick made an announcement that it was offering direct investments and cold storages for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP) and Litecoin (LTC).
Bank Frick is one of many banks and financial institutions working in conjunction with a crypto-based firm. Earlier this month, the Jamaican Stock Exchange has partnered with Canadian blockchain firm, Blockstation, to enable the live trading of digital assets and security tokens in a regulated and secure environment.
Last month, a Swiss mortgage bank, Hypi Lenzburg partnered with a Swiss crypto asset manager, TokenSuisse, to expand the bank’s offerings for crypto and blockchain firms.
This article was originally sourced from CoinTelegraph.