A Latest discovery has it that an internationally operating Swiss Private Bank, Vontobel Limited that is also governed by the law of Hong Kong and licensed by the Securities and Futures Commission, is investing in Bitcoin (BTC), Ethereum (ETH) and Ripple’s XRP.
A cryptocurrency community member identified on Twitter as “Steven Bull From the Diep”, shared this information via his Twitter handle a couple of minutes ago.
This discovery is seen as a big boost to the adoption of cryptocurrency. Steven believes that the financial institutions’ wave is beginning to face the direction of the crypto sphere.
Steven this, “BANG BANG!! Proof that Vontobel Limited is investing in Bitcoin, Ethereum and XRP. Financial institution wave is coming to the crypto space!!!”
Financial institution wave is coming to the crypto space!!! pic.twitter.com/CKGQL6tlQo
— Steven Bull From the Diep (@DiepSanh) April 12, 2020
The investment of Vontobel Limited in Bitcoin (BTC), Ethereum (ETH) and Ripple’s XRP was discovered in a document dispatched via deutsche-boerse-cash-market, regarding the suspension of price determination on the Frankfurt Stock Exchange, for the listed structured products.
The findings revealed that Vontobel Limited invested in various projects, including the top 3 digital currencies, Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP.
The significance of this development is that many institutional investors yet unknown are already sensing the possible success of cryptocurrency in the coming years.
About Vontobel Limited
Vontobel Limited is a company incorporated under the laws of Hong Kong and it is licensed by the Securities and Futures Commission to carry out Type 1 (Dealing in Securities) and Type 2 (Dealing in Futures Contracts) regulated activities.
It is wholly owned by Vontobel Holding AG, a company established under the laws of Switzerland and listed on the SIX Swiss Exchange.
The Vontobel group of companies engage in wealth management, investment management, and asset management activities.
Vontobel stands for the values that influence the Swiss success model: professionalism, soundness, trustworthiness, quality, and precision.