In cooperation with Bitcoin Suisse AG, a regulated Swiss financial intermediary, service provider and asset manager that focuses on crypto-assets, Swiss private banking institution Falcon Private Bank will boost its blockchain asset management services by adding ether (ETH), litecoin (LTC) and Bitcoin Cash (BCH) effective August 22, according to a press release CoinReport received.
Falcon will become the world’s first bank to provide high net worth individual (HNWI) and institutional clients with direct exposure to crypto-assets, in addition to bitcoin.
Falcon announced last month that it had become the first Swiss bank to offer crypto-asset management solutions, enabling its clients to purchase, exchange and hold bitcoin through a banking institution.
Zug-based Bitcoin Suisse AG acts as the AML-regulated broker of Falcon and delivers the infrastructure for their crypto-asset product offering. As the bank’s infrastructure partner and crypto-asset broker, Bitcoin Suisse AG has helped offer the full suite of services and products required to obtain, protect, track and trade crypto-assets for HNWI and institutional clients.
Bitcoin Suisse AG CEO Niklas Nikolajsen said in the press release we received, “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.”
Bitcoin Suisse AG is recognized for supplying the crypto-payment solution infrastructure for the town of Zug, which on July 1, 2016 became the first public entity in the world to accept bitcoin and other crypto-assets as payment for public services. The oldest Swiss company in the market and AML-regulated since 2014, Bitcoin Suisse AG has served as the brokerage for such crypto-asset institutions as the Lisk Foundation and the Ethereum Foundation, as well as deliver crypto-asset solutions and services for several asset managers and banks. In addition to offering crypto-asset services to HNWIs and institutions, Bitcoin Suisse AG is a leading service provider in the field of crowdfunding projects (ICOs), having supported such projects as Bancor, Tezos, Moeda, Status, aeternity, TokenCard, OmiseGo, Matchpool, Melonport, Decentraland and others.
Falcon manages 14.6 billion CHF of client assets (31.12.2016). It is headquartered in Zurich and has offices in Abu Dhabi, Dubai, London and Luxembourg.
Zurich city – Andyindia (CC BY-SA 3.0)