Blockchain and crypto mining firm Stockholm IT Ventures (SITV) will provide its virtual currency trading tool to German financial services startup Valens Bank under an agreement revealed on Wednesday.
The deal, which SITV entered through its arm Blocktrade Technology (BTT), granted the Frankfurt am Main-based company a license to use the BTT Crypto Trading Toolbox, which gives access to over 3,500 markets and more than 45 digital asset exchanges.
BTT will respectively earn an annual license fee of 1.5% of the capital deployed into Valens Bank’s trading program.
As of September, the service is due to be available for customers of the financial services enterpri...
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