Vontobel Investment Banking, a well-known investment company, is ready to give its clients a new crypto product. After letting its investors trade in some of the top tokens such as Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH), the company is now expanding its options to Ripple, currently the third largest cryptocurrency by market share.
This new trading option will be initially offered only to investors based in Germany and Switzerland, two of the countries which have several clients of the company.
Ripple’s XRP token is an obvious investment option because it is “more than a crypto”. It is a cryptocurrency but also an institutional payment token (which could also make some people call it less than a crypto because of some centralization concerns).
At the moment, XRP has a market capitalization of over $17 billion USD, which puts it only behind Ethereum and Bitcoin. This is one of the main reasons why Vontobel decided to launch this new offering: an Open-End Certificate on Ripple.
The certificate will be a way for the investors to get some stake in the token without having to hold the XRP to do it. This way, they can participate in the price swings of the token and its network without any need for holding it.
This is, obviously, not the investment for diehard crypto fans. Many people are still wary of holding actual cryptos, so this new investment is far more focused on these people. Another interesting point of the new project is that the certificate will be tradable on stocks exchanges, the kind of market that these investors participate.
Roger Studer, the head of Vontobel, has affirmed that the launch of this project is another major milestone for the company. According to him, this updates the range of services provided by the company and gives the investors more opportunities for diversification.
About Vontobel Investment Banking
Vontobel Investment Banking is a financial company focused on creating investment solutions for both institutional and wealthy private clients. The company has a business model focused on the digital world and in managing risks instead of betting too much. This way, they can create steady opportunities for their clients.
Some of the services offered by the company are constituted of corporate finance, transaction banking, brokerage and structured products, as well as several types of solutions for digital platforms.
Like what you read? Give us one like or share it to your friends