The structured products boutique is partnering with a bank in Germany in a broader push of its crypto offering outside of Switzerland.
Zurich-based Leonteq inked a pact with ICF, a Frankfurt-based lender, to structure and distribute crypto-linked products, it said in a statement on Thursday. Leonteq didn't disclose financial details of the partnership.
The deal encompasses 18 crypto products including key currencies like bitcoin and ether. The tracker certificates on the crypto assets are to be sold on Frankfurt's open market. Leonteq and ICF have already cooperated in the past in market-making of structured products.
