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Raiffeisenlandesbank offers crypto investment services

Published on

April 26, 2023
Read Time:2 Minute, 6 Second

Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative financial institution based in 1900, is getting ready to launch crypto funding providers in partnership with Austrian crypto agency Bitpanda.

In response to a joint assertion on April 26, RLB NÖ-Wien plans to supply its clients a variety of cryptocurrencies by way of Bitpanda's Software program-as-a-Service (SaaS) providing. Crypto investments are provided alongside funding providers for shares, exchange-traded funds, valuable metals, and commodities.

"The take care of Bitpanda goals to increase our product vary with an modern, safe side and to allow all clients to simply accumulate wealth," mentioned Michael Höllerer, CEO of RLB NÖ-Wien.

A part of main Austrian banking group, Raiffeisen Financial institution Worldwide, is stepping into cryptocurrency investing with a brand new deliberate providing.

Bitpanda co-founder and CEO Eric Demuth (left) and RLB NÖ-Wien CEO Michael Höllerer (proper). Supply: Bitpanda

The brand new supply is meant to allow clients of RLB NÖ-Wien to put money into varied belongings whatever the quantity of capital obtainable, which permits investments from as little as one euro.

Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad informed Cointelegraph that RLB NÖ-Wien desires to make the brand new buying and selling choice obtainable to all buyer segments, together with retail, personal banking and company clients of RLB NÖ-Wien. He additionally mentioned that each RLB NÖ-Wien and Bitpanda are dedicated to creating crypto buying and selling obtainable as quickly as doable, including:

"Due to the way in which we've got constructed Bitpanda Know-how Options, we are able to rapidly and securely combine our infrastructure and plan to have buying and selling obtainable by the top of the 12 months."

Enzersdorfer-Konrad additionally famous that RLB NÖ-Wien's forthcoming new providing will embody the total breadth of Bitpanda's digital asset providing, which incorporates over 2,500 belongings together with Bitcoin (BTC) and Ether (ETH).

Associated: China's state-affiliated banks combine crypto firms in Hong Kong

RLB NÖ-Wien is a part of the Austrian Raiffeisen banking group, an affiliation of unbiased cooperative banks own a 22.6% stake in Raiffeisen Financial institution Worldwide (RBI).

As beforehand reported, RBI has been experimenting with growing digital currencies. In 2020, the worldwide Raiffeisenbank constructed a platform for tokenizing the nationwide forex utilizing blockchain know-how. The financial institution can be recognized for taking part in commerce finance pilot tasks involving R3's Marco Polo blockchain community.

Journal: That is how Ethereum’s ZK rollups can grow to be interoperable

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : April 26, 2023
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