Mortgage Bank Lenzburg has expanded its organizational structure and the Finstar core banking system so that it can now offer services for digital assets.
It starts with the custody offer for digital registered securities “from selected partner companies that were issued on the Ethereum blockchain.”
Such tokens can now be safely “stored at the bank.” With the new offer, the bank is expanding its field of activity and “establishing the new crypto banking division.”
Reto Huenerwadel, Head of Market Services at Kreditarbank Lenzburg, said:
“We have worked intensively on this over the past few months and are pleased that we can now start with an initial offer for digital assets.”
The Swiss investment company RealUnit Schweiz AG is using “the new service from Kreditarbank Lenzburg to store the digital stock tokens that it issues via the Swiss platform aktionariat.com.”
RealUnit investors who opt “for the custody option at Kreditarbank Lenzburg open a securities account with the bank with a wallet in the background. The RealUnit share tokens can be booked into this.”
The secure storage of the private keys is therefore “carried out by the Kreditarbank Lenzburg within a regulated framework.” The RealUnit stock tokens can also “be bought and sold via RealUnit’s smart contract market solution.” The technical implementation for this “comes from the Swiss blockchain company Aktionariat AG.”
The stock tokens of RealUnit Schweiz AG “represent digital participation rights in the investment solution of RealUnit Schweiz AG, which invests primarily in real assets.”
Huenerwadel added:
“By keeping them in custody at the Kreditarbank Lenzburg, the owners of the tokens have all the advantages of storing their value at a regulated Swiss bank. In particular, investors no longer have to worry about the risk of losing the private key.”
The stock tokens can be managed like conventional stocks or other securities via the e-banking of the Kreditarbank Lenzburg.
Huenerwadel also mentioned:
“We ensure that the technical requirements for the safekeeping of digital registered securities are met, taking all legal aspects into account. The service is also available to other issuers of stock tokens.”