Liechtenstein-based Bank Frick targets institutional investors with new digital asset trading platform

Bank Frick, a family-run Liechtenstein bank, has announced that it is establishing a new subsidiary, called The DLT Markets AG, which will provide institutional investors with professional access to the multi-exchange trading of digital tokens.

According to the official announcement, DLT Markets is developing a fully-regulated independent trading platform which will offer institutional investors with multi-exchange access to the digital token asset class. The platform will combine the regulatory security of the traditional securities business with the advantages offered by the new digital token asset class.

“With our spin-off, we are offering institutional clients a unique combination of a fintech company and a bank regulated by the EU. The trading and safekeeping of digital assets thus go hand in hand – just like they do in traditional securities business,” Edi Wögerer, CEO of Bank Frick.

The bank explained that DLT Markets will ensure that assets and payment flows are securely booked by administering order data and performing the risk and position management processes.

Roger Wurzel has been appointed as the CEO of the new subsidiary. Wurzel previously worked in Business Development at Bank Frick and has a wealth of proven experience in trading cryptocurrencies.

“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,” he said.

Bank Frick recently established Distributed Ventures AG, a subsidiary that aims to promote and support fintech and blockchain startups.