With the Open-End Certificate on Litecoin, Vontobel is further expanding its investment opportunities in crypto currencies for investors in Switzerland and Germany.

News , Private Investors , Innovation 28/06/2019
Tiempo de lectura: 2 minuto(s)

The Litecoin certificate is already the fifth of its kind after Bitcoin, Bitcoin Cash, Ether, and Ripple, which enables simple and transparent participation in a crypto currency.

Litecoin (symbol: Ł or LTC) is a digital currency that enables a peer-to-peer money transfer in real time and almost free of charge. It is a worldwide and decentralized open source payment network and has many similarities to Bitcoin. Compared to its "big brother" Bitcoin, Litecoin offers faster transaction times and improved storage capacity. It is therefore the perfect complement to the most popular crypto currency.

The launch of the next crypto currency certificate in Switzerland and Germany offers interesting opportunities and diversification for investors:

With the Vontobel certificate, investors can participate in the price performance of Litecoin (LTC) without needing access to the Litecoin network or a Litecoin wallet themselves. Accordingly, the risk of losing Litecoin due to hacker attacks, technical problems, improper handling, or failure of the Litecoin depositary does not lie with the investors. As with most certificates offered, however, investors bear the risk of the issuer's default in addition to the price risk of the underlying asset and the currency risk.

"In response to strong client demand for investment opportunities that enable clients to participate in the development of crypto currencies, we have now developed Vontobel's fifth certificate which is based on a crypto currency. We are thus once again underlining Vontobel's innovative strength and our efforts to offer investors in Switzerland and Germany a simple and transparent way to access the crypto universe," said Roger Studer, Head of Vontobel Investment Banking.

 

Vontobel Investment Banking
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