Bank Frick establishes subsidiary for crypto assets
Bank Frick is creating a trading platform for digital token assets. The subsidiary DLT Markets will enable investors to trade in digital tokens alongside the traditional securities business.
By establishing DLT Markets AG, Bank Frick is building on its leading position in the area of blockchain banking, explained Edi Wögerer, CEO of Bank Frick, in a press release. “With our spin-off, we are offering institutional clients a unique combination of a fintech company and a bank regulated by the EU,” Edi Wögerer added. Using the trading platform of DLT Markets, investors will be able to trade and manage digital tokens in an environment they are used to from traditional securities business.
DLT Markets will administer order data and perform the risk and position management processes. In this way, the subsidiary brings together “the advantages of the new digital token asset class with the regulatory quality of the traditional securities business,” Bank Frick reports. The CEO of DLT Markets will be Roger Wurzel, who previously worked in Business Development at Bank Frick and has a wealth of proven experience in trading cryptocurrencies.