Blocktrade Technology-Valens Bank Partnership Reveals 'Crypto Fund Trading' Access for Clients

On Aug. 22, Blocktrade Technology and Valens Bank confirmed a partnership that will give banking clients access to crypto fund trading.

Artificial intelligence-based trading software company Blocktrade Technology Ltd. has partnered with Valens Bank to enable crypto fund trading for banking clients.

The partnership stipulates that Blocktrade Technology will license its BTT Crypto Trading Toolbox software exclusively to Valens Bank, allowing clients to trade select cryptocurrency funds.

Blocktrade Technology is a majority-owned subsidiary of Stockholm IT Ventures AB, a Swedish technology company specializing in blockchain development, and is now seeking to expand into financial services.

"We are proud to deliver our first license deal with Valens Bank. The agreement is perfectly in line with Blocktrade Technology's strategic goals and approach for Institutional investors and banks who aim to offer great returns on investments."

Valens Bank, an international payments and financial services startup, will give retail investors unique access to cryptocurrency funds trading that is not currently offered elsewhere.

Blocktrade Technology will also receive a 1.5 percent yearly license fee on all "Deployed capital" generated from the trading program.

"It's an exciting time to partner with Stockholm IT Ventures and Blocktrade Technology's innovative approach to the crypto space. We are confident that this software will offer great value to clients and give pro-traders the market edge all are looking for. We have made a thorough due diligence of the BTT software in live trading situations and are amazed by its performance."

In the coming months, Blocktrade Technology will work with Valens Bank to integrate the software into the startup's "Back-end mechanics" and plans to release the service in September 2018.

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