The Liechtensteiner Fürstenbank LGT participated in the latest financing round in the digital asset manager Liquid. The Berlin company, in which the British financial investor Toscafund and the Harald Quandt family's investment company, HQ Trust, have a stake, will receive EUR 88 million. According to the founder and CEO Christian Schneider-Sickert, Liqid is not among the “unicorns”, i.e. fintech companies with a valuation of more than 1 billion euros. He puts more emphasis on operational development and wants to stand out from other investment robots such as the market leader Scalable Capital by concentrating on wealthy customers with an investment volume of at least 100,000 euros. Since the beginning of the year, Liqid has increased its managed assets by 50 percent to 1,4 billion euros increased. Since 2018, the managed client assets have doubled every year.
LGT is one class higher with assets under management of 220 billion euros. The Liechtensteiners focus on very wealthy clients. LGT's Chairman of the Board of Directors, Prince Max von und zu Liechtenstein, described Liqid's growth story as impressive. "We are convinced that the provision of professional investment expertise in digital format - with the dedicated customer orientation and the quality standards of Liqid - represents a promising business model," he said. Liqid is now considering offering products in the field of private equity (direct company investments) abroad for the first time. After the latest round of financing, LGT and Toscafund each hold just under 30 percent. The third largest shareholder is HQ Trust with a little less than 10 percent. Liqid does not name the number of customers.The average customer assets are 250,000 euros.