LGT acquires stake in LIQID
15 July 2021
LGT, the bank owned by the royal family of Liechtenstein, is acquiring a stake in the German digital asset manager LIQID. The partners also agreed on a collaboration, which will see LGT jointly shaping LIQID’s investment strategy for its asset management offering in future.
LGT has acquired a strategic minority interest in LIQID according to a press release. The fintech company provides a digital platform for private investors, where they gain access to investment solutions for wealth management as well as the investment classes of private capital, venture capital and real estate. LIQID has already exceeded the threshold of one billion euros in managed client assets at the start of this year. According to the company’s own information, this makes it one of the largest digital asset managers in Germany.
LGT and LIQID have also agreed on a collaboration, whereby LGT will jointly shape the investment strategy for LIQID Wealth clients in future. LIQID Wealth is an offering for private investors from an investment volume of 100,000 euros.
Prince Max von und zu Liechtenstein, Chairman of LGT, is quoted in the press release, saying: “LIQID has an impressive track record of growth, and we are convinced that the provision of professional investment expertise in a digital format – in combination with LIQID’s dedicated client focus and commitment to quality – constitutes a promising business model.” He goes on to state that the collaboration will enable LGT to provide its investment expertise to a wider range of private investors.