Falcon Private Banks has become the very first Swiss bank to introduce direct crypto transfers to its customers. According to a recent press release. Falcon clients will be capable of transferring Bitcoin, Bitcoin Cash, Ether and Litecoin Between their Falcon wallets, as well as convert crypto coins into fiat.
According to the press release,
“Clients can place trading orders conveniently through e-banking or a dedicated relationship manager. Digital assets are included in portfolio statements as well as in tax reporting documents. In addition to ensuring best execution, Falcon provides secure storage thanks to its proprietary custody solution.”
“The bank has developed a process that ensures full compliance with AML (anti-money laundering) and KYC (know your client) laws and regulations. Falcon’s multi-level protection covers hardware, software and the transaction process. Our custody solution has been audited and reviewed by independent providers.”
In a new video they just released, Katie Richards, co-head of digital assets, says that the bank’s goals are to be preferred partner for traditional and blockchain-based banking for Switzerland where, according to recently conducted surveys by Switzerland-based crypto investment firm CV VC and PwC, fintechs are blossoming.
Watch our Co-Heads Digital Assets Katie Richards and Michael Helbling talk about our blockchain solutions.@falconpb #blockchain #crypto #regulated #secure #convenient#beyondconvention #agileprivatebanking pic.twitter.com/dbXRsnxs5S— Falcon Private Bank (@falconpb) January 28, 2019
This expansion comes from Falcon’s strategy to move into blockchain-based services and solutions after gaining the approval to manage blockchain-based asses during July 2017.