Crypto certificate as a token and classic security – Bank Frick and Bitcoin Suisse present innovative product
Bank Frick is issuing an active BTC-ETH tracker, with Bitcoin Suisse acting as the blockchain service provider and prime crypto broker. As of today, the certificate is available as both a classic security and a token and is thus suitable for traditional and blockchain-savvy investors. Its underlying assets are Bitcoin (BTC) and Ether (ETH). Qualified investors can thus diversify their portfolios in a simple manner with cryptocurrencies.
Raphael Haldner, Head of Funds and Capital Markets at Bank Frick, and Stefan Lütolf, Head of Trading & Brokerage at Bitcoin Suisse.
Balzers (LI) – As of today, Bank Frick is providing qualified and institutional investors access to an active BTC-ETH tracker, which has been developed with the help of the technical expertise of Bitcoin Suisse. What sets this product apart is its future-oriented design – the certificate is issued both as a classic security and as a token. Professional investors are provided with a simple opportunity to participate in cryptocurrencies – the certificate is accessible via ISIN and ERC20 token.
Active management
The active BTC-ETH tracker is also managed actively. Bank Frick and Bitcoin Suisse form an investment committee that decides on the weighting of the included underlying assets on a quarterly basis. Changing market conditions are taken into account as part of this process. Upon the start of trading today, the crypto certificate is equally weighted. The investment objective of the active BTC-ETH tracker is to participate in the performance of the underlying assets across its two-year term.
Security and expertise
As issuer, Bank Frick is responsible for the issuing of the crypto certificate, which is aimed exclusively at qualified investors. Bitcoin Suisse acts as crypto broker and is responsible for the execution of the BTC and ETH transactions via the global crypto exchanges. Stefan Lütolf, Head of Trading & Brokerage at Bitcoin Suisse, is convinced of the merits of the joint development: “With the active BTC-ETH tracker, we demonstrate our joint expertise and provide investors with a new form of capital market access.” The cryptocurrencies will be held in safe custody by Bitcoin Suisse using cold storage and multi-signature solutions.
Future-oriented capital market solution
The issuing of the active BTC-ETH tracker as both a classic security and a token is pioneering. The two European first movers in the field of crypto financial services, Bank Frick and Bitcoin Suisse, are thus underlining their claim of developing innovative products in order to anchor blockchain banking on the market. “The product’s design demonstrates the innovative capacity that links Bank Frick and Bitcoin Suisse”, emphasises Raphael Haldner, Head of Funds and Capital Markets at Bank Frick. “With our certificate, professional market participants benefit from a future-oriented capital market solution.”
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
sigvard.wohlwend [at] bankfrick.li (sigvard[dot]wohlwend[at]bankfrick[dot]li)
Bitcoin Suisse AG
Nino Thommen, Head Marketing & Communication
T +41 79 122 54 02
Reception +41 41 544 12 51
Related Articles
Bank Frick reports net profit of 9.2 million francs
In a challenging market environment, Bank Frick generated a profit of 9.2 million francs in 2025 and slightly exceeded its budgeted targets. Through targeted investments in strategic projects, products, and personnel, the Bank continued to pursue its growth strategy.
Bank Frick expands its Board of Directors with Marzia Thüring-Menegon
At the proposal of the Chair of the Board of Directors, Dr Mario Frick, the Annual General Meeting of Bank Frick appointed an additional board member. With Marzia Thüring-Menegon, the Bank gains the Board of Directors’ preferred candidate, who will reinforce the strategic direction with her experience particularly in payment transactions, IT and transformation.
Bank Frick awards architecture contract for new head office
Bank Frick has closed the architectural competition for its new head office in Unterbendern. It will realise the designs of a planning team led by Bernardo Bader Architekten – with construction to begin in early 2028.
Bank Frick receives licence and opens branch in Dubai
Bank Frick has received its requested licence from the Dubai Financial Services Authority (DFSA) for a branch in Dubai. This strengthens its position as a product leader and enables it to tap into the strong growth potential of this financial centre.
Bank Frick is playing in the Champions League with its offering for its employees
In Space 4U, Bank Frick has created a place where employees can come together across departments, try out new things and inspire one another. Be it exercise, creativity or shared experiences: the offering is diverse and actively shaped by employees. A multifunctional room offers contemporary training facilities and space for creative exchange. Experts agree: this makes Bank Frick a pioneer throughout Switzerland and Liechtenstein.
Bank Frick extends its sponsorship of the LieMudRun by five years
Almost all tickets for this year’s LieMudRun were already sold out. Due to the continued high demand and great popularity of the obstacle run, Bank Frick is extending its sponsorship for another five years.
Bank Frick wins two Gold Dolphins in Cannes
Bank Frick bags two awards at the Cannes Corporate Media & TV Awards 2025 with its “Doing things differently” corporate film.
Bank Frick generates net profit of 4.5 million francs
Bank Frick generated a net profit of 4.5 million francs in the first half of 2025. It is thus achieving its budget targets and generating stable income in a difficult market environment. This performance confirms that the Bank is on the right track: Bank Frick is still forecasting an annual profit of 9 million francs.
Bank Frick receives ISO 27001 certification for the highest level of security
Bank Frick has received the internationally recognised ISO 27001 certification, which is a strong sign of its commitment to information security. The award confirms the Bank’s high standards when it comes to protecting sensitive data and strengthens its position as an innovative and trustworthy partner in the finance industry.
Bank Frick plans its new head office in Bendern
Bank Frick has received approval from the municipality of Gamprin for a building lease plot in Unterbendern. Once completed, its new head office will have room for up to 700 employees. The new building will meet the Bank’s growing need for space, bring its employees back together at one location and use a multifunctional, future-oriented solution.