New Crypto Platform for Institutional Investors Launched in EU

Austrian FinTech company Bitpanda is launching an institutional-grade trading platform. It enables a wide range of transactions in crypto and other assets.

Bitpanda, Europe’s leading crypto broker, announced the launch of Bitpanda Wealth, a customized trading platform. It targets family offices, external asset managers, corporate treasuries, and high-net-worth individuals (HNWI).

The platform offers different types of access to digital assets, such as trading operations and a wide range of OTC and brokerage services. The service uses a proprietary custody solution known as Bitpanda Custody to store assets. It also uses TrustVault wallet technology to combine the speed of hot wallet transaction processing with cold wallet security.

According to the press release, Bitpanda Wealth is built on the same infrastructure trusted by several major European banks. Among them is Raiffeisen Bank, which planned to open access to crypto transactions to retail customers with the help of Bitpanda by early 2024.

Bitpanda Wealth doesn’t only support crypto transactions. It offers users access to exchange-traded funds, commodities, stocks, other assets, and leveraged products. Investment management and reporting services are available on the platform as well.

Bitpanda cooperates with European regulators. It has licenses to provide crypto services in Norway, Austria, Germany, France, the Czech Republic, and Sweden. Bitpanda Custody is licensed by the U.K.’s Financial Conduct Authority (FCA). According to the company’s website, it has over 15 licenses for digital asset services in the EU.

The trend of launching institutional crypto platforms is picking up the pace. Last summer, DZ Bank, Germany’s third-largest financial conglomerate, announced the launch of a DLT platform for institutional clients to handle digital asset transactions. In November, Israel’s Fireblocks launched the Off Exchange trading system that allows institutional traders and asset managers to trade on CEXs while minimizing counterparty risk. In early 2024, the Libre Web3 protocol was launched, allowing institutional investors to work with real-world assets (RWA) tokenized via Polygon’s smart contracts.

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