Falcon Private Bank, a Swiss private banking institution, has announced its plans to enhance its blockchain asset management services by adding Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), in cooperation with Bitcoin Suisse AG.
The announcement follows the bank’s recent decision to provide crypto-asset management solutions for its clients, enabling them to purchase, exchange, and hold Bitcoin through a banking institution. With this, Falcon will become the first bank in the world to offer high net worth and institutional clients direct exposure to the whole range of the top market cap crypto-assets, besides Bitcoin.
“We are pleased to add Ether, Litecoin and Bitcoin Cash to our services just a month after introducing blockchain asset management solutions with Bitcoin. The first reactions to our Bitcoin services have been very encouraging and we are convinced that by adding three new blockchain assets we will fulfill our clients’ future needs,” Arthur Vayloyan, Global Head Products & Services, Falcon Private Bank.
Based in Zug, Bitcoin Suisse AG is a crypto-asset broker and asset manager. It acts as the AML-regulated broker of Falcon Private Bank and provides the infrastructure for its crypto-asset product offering. It has assisted the bank in providing the full suite of products and services necessary to acquire, safeguard, track, and trade crypto-assets for institutional clients and high net worth clients, the release said.
In addition, Bitcoin Suisse AG is known for supplying the crypto-payment solution infrastructure for the town of Zug, which became the first public entity to accept bitcoin as payment for public services last year. It is also a leading service provider in the field of crowdfunding projects (ICOs), having supported projects such as Bancor, Status, TokenCard, Tezos, aeternity, OmiseGo, Melonport, Matchpool, Decentraland, Moeda and others.
“Bitcoin Suisse is proud to continue to support Falcon Private Banks product offering in the field of crypto-assets. Falcon Private Bank was the first bank to offer Bitcoin directly to its clients, and thus created history. Their decision to follow up by adding Ether as well as other crypto-assets has made them the go-to private bank for crypto-asset holders and investors,” CEO of Bitcoin Suisse AG Niklas Nikolajsen said.
Effective August 22, 2017, Falcon will add support for Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
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