Bank Frick and Bitcoin Suisse Launch Crypto Certificate as a Classic Security and ERC20 Token

Liechtenstein-based private bank Bank Frick and Bitcoin Suisse have launched an active BTC-ETH tracker certificate that is available in traditional equity format and an ERC-20 token targeted at professional investors.
The BTC-ETH tracker, which tracks the performance of bitcoin (BTC) and ether (ETH) for a two-year term, is actively managed by an investment committee formed by Bank Frick and Bitcoin Suisse that decides on the two cryptocurrencies’ weightings on a quarterly basis. At the launch of the certificate, the two cryptocurrencies are equally weighted.
Bitcoin Suisse acts as the prime broker for the certificate, which means it is responsible for the buying and selling of BTC and ETH in the spot market. The Swiss blockchain startup also handles the safekeeping of the cryptoassets through the use of cold storage combined and MultiSig wallet solutions. Bank Frick is responsible for the issuance of the tracker certificates, which exclusively targeted at qualified and institutional investors.
Stefan Lütolf, Head of Trading & Brokerage at Bitcoin Suisse, is pleased about the issuance of the new tracker, stating:
“With the active BTC-ETH tracker, we demonstrate our joint expertise and provide investors with a new form of capital market access.”