Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking company founded in 1900, is preparing to launch crypto investment services in collaboration with Austrian crypto company Bitpanda.
According to a joint announcement on April 26, RLB NÖ-Wien plans to provide its clients with a wide range of cryptocurrencies through Bitpanda's software-as-a-service (SaaS) offering. Crypto investing will be featured alongside investment services for stocks, exchange-traded funds, precious metals, and commodities.
“The agreement with Bitpanda aims to expand our product range with an innovative and secure facet and to enable all clients to easily accumulate wealth,” said Michael Höllerer, CEO of RLB NÖ-Wien.
A part of the main Austrian banking group, Raiffeisen Bank International, is moving into cryptocurrency investing with a new offering planned.
The new offer is intended to allow RLB NÖ-Wien's clients to invest in various assets regardless of the amount of capital available, allowing investments from as little as one euro.
Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad told Cointelegraph that RLB NÖ-Wien wants to make the new trading option available to all customer segments, including RLB NÖ-Wien's retail, private banking and corporate clients. Wien. He also said that both RLB NÖ-Wien and Bitpanda are committed to making cryptocurrency trading available as soon as possible, adding:
"Thanks to the way we have built Bitpanda Technology Solutions, we can integrate our infrastructure quickly and securely, and we plan to make trading available by the end of the year."
Enzersdorfer-Konrad also noted that the upcoming new RLB NÖ-Wien offering will feature the full range of Bitpanda's digital asset offering, which includes more than 2,500 assets, including Bitcoin (BTC) and ether (ETH).
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RLB NÖ-Wien is part of the Austrian Raiffeisen Bankengruppe grouping of independent cooperative banks, possess a 22.6% stake in Raiffeisen Bank International (RBI).
As previously reported, RBI has been experimenting with digital currency development. In 2020, the global bank Raiffeisen was building a platform for the tokenization of the national currency using blockchain technology. The bank is also known for participation in trade finance pilot projects involving R3's Marco Polo blockchain network.
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