Swiss Private Bank Falcon Adds Cryptocurrencies to Its Blockchain Asset Management Services
The Swiss bank Falcon Private Bank has added several digital currencies to its existing Bitcoin Blockchain asset management services.
The bank will start using the Bitcoin Cash, Ethereum, and Litecoin on August 22, 2017.
According to the bank, it is the first financial institution in Switzerland to offer the Blockchain-based solutions. The new services will allow the bank’s clients to exchange and hold the digital currencies using their cash holdings. The clients will enjoy an even wider portfolio diversification possibilities, as well as easier access and convenience of offline storage with the new additions.
In his statement, Falcon Private Bank Global Head of Products & Services, Arthur Vayloyan, said that they made the additions due to the very positive reactions to their Bitcoin services.
“We are pleased to add Ethereum, 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.”
Falcon Private Bank is a private banking boutique based in Zurich, Switzerland. The bank boasts 50 years of experience in wealth management. The bank offers first-class financial services to its private clients and rich families.
Aside from its Swiss headquarters, the bank also operates in several countries and already has branches in Abu Dhabi and Dubai in the United Arab Emirates (UAE), London, England, and Luxembourg.
The bank was established as Ueberseebank in 1965. In 1998, it was renamed as AIG Private Bank. The bank was again renamed as Falcon Private Bank following its acquisition by Aabar Investments PJS in 2009.
The bank is currently headed by its chief executive officer (CEO) Walter Berchtold.