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8. Apr. 2019 - Press release

From Bank Frick to Bitcoin Suisse – Mauro Casellini takes on a new role

Personnel changes at major companies in the crypto-financial services sector. Experienced head of blockchain banking at Bank Frick, Mauro Casellini, will be joining Bitcoin Suisse as of 1 July. He will be overseeing the expansion of the local subsidiary of Bitcoin Suisse as its new CEO.

From Bank Frick to Bitcoin Suisse – Mauro Casellini takes on a new role

Mauro Casellini, Head of Blockchain and Payment Service Provider at Bank Frick

Balzers (LI), Zug (CH) – Bank Frick and Bitcoin Suisse were among the first players to enter Europe’s crypto-financial services and blockchain banking sector. In recent years, Mauro Casellini has successfully implemented a corporate strategy in the field of blockchain banking at Bank Frick, and also established the Blockchain and Payment Service Provider department, which is now 15 strong.

“Mauro Casellini has made substantial progress in setting up and developing our blockchain banking service, and we are very grateful to him for that. We are delighted that he is now moving to a company with which we already enjoy close ties – and we believe that he will continue to advance the crypto-financial services industry in the interests of all serious market participants,” says Edi Wögerer, CEO of Bank Frick.

Close collaboration

Edi Wögerer also emphasised the close existing collaboration between Bitcoin Suisse and Bank Frick. Bitcoin Suisse is an important crypto broker for Bank Frick, while Bitcoin Suisse uses services provided by Bank Frick. The two companies also share many of the same clients.

“There are already some upcoming joint projects in the pipeline, and we will be able to present additional innovative solutions shortly,” adds Bitcoin Suisse CEO Dr Arthur Vayloyan. “It is a marvellous boon for us to be able to welcome Mauro Casellini, who has built up the crypto and blockchain business at Bank Frick, as of 1 July.” With this move towards the Liechtenstein market, Bitcoin Suisse continues on its expansive trajectory, with the aim of serving further customer segments and markets across Europe.

For Mauro Casellini, leaving Bank Frick “is bittersweet. I was given the opportunity to introduce and expand blockchain banking at the Bank. Now I have been given another wonderful opportunity, which I will also relish,” says Casellini. In addition to his role as CEO of the Liechtenstein subsidiary of Bitcoin Suisse, Casellini will also play a key role within the company’s newly established ISP department (Institutional Services and Products), where he will be developing blockchain services for institutional clients more generally.

“Under Mauro’s leadership, Bitcoin Suisse (Liechtenstein) AG is set to become an exciting new player on the market. We see excellent potential for interesting joint projects in which both companies will be able to contribute their respective strengths,” concludes Edi Wögerer.

About Bank Frick

Bank Frick is a family-run Liechtenstein bank with headquarters in Balzers. It was founded in 1998 by Kuno Frick Sr (1938–2017), with the majority now controlled by the Kuno Frick Family Foundation. Minority shareholder Net 1 UEPS Technologies, Inc. (Net1), holds 35 per cent of Bank Frick’s share capital. Net1 is a financial technology company listed on the Nasdaq stock exchange in New York.

Bank Frick focuses on providing products and services for financial intermediaries such as fiduciaries, asset managers, payment service providers and fintechs.

One of Bank Frick’s unique selling points is its high level of expertise in the regulated blockchain banking sector. The Bank supports Initial Coin Offerings (ICOs), provides custody of crypto assets and dealing services in leading cryptocurrencies for Bank Frick clients, and makes crypto assets bankable.

Bank Frick develops tailor-made funds for intermediaries and acts as a custodian bank.

It is the only bank in Liechtenstein with acquiring licences from Visa and MasterCard.

Bank Frick established subsidiaries in 2019 to operate independently on the market with new services: Distributed Ventures AG, an incubator and accelerator to promote and finance fintech and blockchain start-ups, as well as The DLT Markets AG, which provides institutional investors with professional access to digital assets.

Bank Frick employs more than 120 members of staff and operates a branch in London, UK.

About Bitcoin Suisse

Bitcoin Suisse is pioneering crypto-financial services since 2013. The company played a crucial role in the development of the crypto valley and the overall Swiss blockchain ecosystem. The services provided to the global institutional and private client base include Brokerage and Trading, Storage Solutions, Collateralized Lending, Crypto Financial Solutions and other related services such as Staking and Baking.

More than 80 employees in Switzerland and Denmark service private and institutional clients and develop inhouse technology. Bitcoin Suisse is a licensed financial intermediary incorporated in Switzerland, operating under Swiss law and according to AML (Anti-Money-Laundering) regulations.

Media contact

Bank Frick & Co. AG
Sigvard Wohlwend, Head of Corporate and Market Communications
T +423 388 21 46

Bitcoin Suisse AG
Nino Thommen, Head Marketing & Communication
T +41  79  122 54 02
Reception +41 41 544 12 51


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