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Bank Frick allows direct investments in leading cryptocurrencies
Bank Frick is the first financial institution in Liechtenstein to offer the trading of five leading cryptocurrencies and secure safekeeping via offline storage. Trading takes place within the fully regulated framework of the Bank’s processes. The offering is aimed at professional market participants and financial intermediaries.
Balzers (LI) – Starting today, professional market participants and financial intermediaries are able to invest in the five leading cryptocurrencies Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP) and Ether (ETH) at Bank Frick. The cryptocurrencies can be bought using euros, US dollars and Swiss francs. Trading takes place once a day.
Bank Frick offers a particularly high level of protection against the loss or theft of crypto-assets. At Bank Frick, cryptocurrencies are held in “cold storage wallets”. Cold storage wallets are physically separated from the Internet and they therefore cannot be externally hacked. The wallets and their backup copies are held securely on a georedundant basis.