Stockholm IT Tenders AB (SITV), a blockchain startup based in Sweden, has signed a software accredit agreement with a local bank to deliver a crypto fund merchandising service.
SITV announced Wednesday that its automation subsidiary, Blocktrade Technology, had make overed the agreement with Valens Bank, according to a news release. The unanimity, which is also the second between the two companies, stipulates that Valens Bank use “the BTT Crypto Swop Toolbox exclusively for Crypto Fund Trading.”
The BTT Crypto Trading Toolbox assigns professional traders to “actively manager their clients digital assets” finished with its AI trading tools, according to Blocktrade Technology’s website.
Torben Pedersen, the superintendent at Valens Bank, said “we are confident that this software resolve offer great value to clients and give pro-traders the market sharpness all are looking for,” according to the release.
Fredrik Waijnstad, managing director at Blocktrade Technology, said in the unveil that the agreement is in line with his company’s goal to reach out to “institutional investors and banks.”
The two followers are currently working to integrate “the back-end mechanics” of the service, and plan to inauguration trading for Valen Bank’s clients by September.
Neither the bank nor the startup proclaimed which cryptocurrencies would go into the fund.
Stockholm image via Shutterstock
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