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Swiss private bank claims a first with blockchain asset management
13/07/2017 , News Team

Falcon Group said it was the first Swiss private bank to provide blockchain asset management solutions for its clients through the new cooperation with Bitcoin Suisse AG.

Following the approval by FINMA for bitcoin asset management, this product underlines Falcon's strategic repositioning, which focuses on shaping “a unique experience, empowered by individual excellence and world-class digital intelligence”.

Clients can exchange and hold bitcoins via Falcon using their cash holdings. Falcon said that its solution facilitates easy access to blockchain assets and a convenient storage process. Additionally, a Bitcoin ATM has been installed in the lobby of Falcon Private Bank's headquarters in Zurich and is accessible for the public during business hours. After an in-depth enquiry, FINMA has given its approval for the launch of this “unique new product”.

"Following our strategic partnership with Move Digital, a best-in-class provider of digital asset management and investment advisory systems, this is a further tangible element of our new strategy,” said Arthur Vayloyan, global head products and services, Falcon Private Bank.

“We are proud to be the first-mover in the Swiss private banking area to provide blockchain asset management for our clients. Falcon is convinced that the time is right to enter this nascent market and it is our firm belief that this new product will fulfil our clients' future needs."

Falcon Private Bank is a Swiss private banking boutique with 50 years of expertise in wealth management with offices in Zurich, Abu Dhabi, Dubai, London and Luxembourg.

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