Liechtenstein’s Bank Frick, which also operates a branch in London has added Tezos for custody and trading.
Bank Frick is the only bank in Liechtenstein to hold acquiring licenses from Visa and MasterCard and has over 4.4 billion CHF assets under management .
Bank Frick is an innovative bank based in Liechtenstein and is one of Europe’s pioneers of the regulated blockchain banking sector.
It is a specialised bank for intermediaries, with strong expertise in fund and capital markets services. It has a specific focus on regulated blockchain banking.
They have over 140 employees with offices in Liechtenstein and London. They closed 2021 with an annual profit of CHF 9.8 million, doubling the amount from the previous year. Client assets under management now stand at over 4.4 billion CHF.
Liechtenstein, despite its tiny population is known for being one of the richest countries in the world and its per capita GDP in 2019 was $165,028, which was the second-highest in the world.
Liechtenstein’s main income generators are manufacturing and exports. Traditionally, its banking sector has focused on private banking and asset management services.
Now, it has been announced that Bank Frick has expanded its range of crypto assets with the inclusion of Tezos, Cardano and Polkadot.
Nicolas Marxer, Head of Blockchain Banking at Bank Frick stated:
“By expanding the product range to include Cardano, Polkadot and Tezos, we are offering our clients an additional opportunity to diversify their portfolios. We are pleased to be able to offer these attractive cryptocurrencies”.
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