Bank Frick expands its range of crypto assets and now offers trading and custodian services for Cardano, Polkadot and Tezos
Europe’s blockchain pioneer has expanded the range of cryptocurrencies for which it offers trading and custodian services. Bank Frick now offers financial intermediaries and professional clients the option of trading in and secure custody of Cardano (ADA), Polkadot (DOT) and Tezos (XTZ) coins. Trading takes place within the fully regulated environment of the Bank.
Balzers (LI) – Financial intermediaries and professional clients can now also invest in Cardano, Polkadot and Tezos coins. The cryptocurrencies can be bought using euros, US dollars and Swiss francs. Trading is conducted daily between 8.00 a.m. and 6.00 p.m.
Since 2018, Bank Frick in Liechtenstein has been offering investors a smooth and secure way to trade the leading cryptocurrencies Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), NEM (XEM), Qtum (QTUM), Stellar (XLM) and USD Coin (USDC).
Bank Frick has designed this offer particularly for institutional clients and cryptocurrency investors. “By expanding the product range to include Cardano, Polkadot and Tezos, we are offering our clients an additional opportunity to diversify their portfolios”, comments Nicolas Marxer, Head of Blockchain Banking at Bank Frick. “We are pleased to be able to offer these attractive cryptocurrencies”.
Security thanks to cold storage solutions and diversification
In addition to trading, Bank Frick now also offers secure custody services for Cardano, Polkadot and Tezos. The Bank stores its clients’ crypto assets in cold storage wallets. These are physically separated from the Internet and therefore cannot be externally hacked. The wallets and their backup copies are held securely on a geo-redundant basis.
About Bank Frick
Bank Frick specialises in banking for professional clients. The Liechtenstein bank provides a fully integrated offering of classic banking and blockchain banking services. Its clients include fintechs, asset managers, payment service providers, family offices, fund promoters, pension funds and fiduciaries.
Bank Frick has been family-run since its foundation as a licensed universal bank in 1998, and it adopts an entrepreneurial approach. Today the Bank is entirely owned by the Kuno Frick Family Foundation (KFS). The Bank employs over 140 members of staff at its Balzers office and operates a branch in London, UK.
Bank Frick is one of Europe’s pioneers of the regulated blockchain banking sector. The offering covers trading and custody of crypto assets and token sales. The Bank also develops tailored crypto-structuring solutions for intermediaries.
In addition to its highly regarded basic services, Bank Frick’s classic banking offerings cover services for funds and issues, focusing on formulating European (AIF, UCITS) and national fund solutions. In the capital market sector, Bank Frick develops tailored financial products for intermediaries and supports them along the whole issue process, acting also as a custodian bank.
Bank Frick is the only Liechtenstein bank with acquiring licences from Visa and MasterCard, and it can process card payments globally for payment service providers and their online merchants.