Furthermore, a Bitcoin ATM has actually been set up in the lobby of Falcon Private Bank’s head office in Zurich.
Swiss personal bank Falcon Group now uses blockchain property management services for its customers through a brand-new cooperation with Bitcoin Suisse AG, the crypto-financial company, broker and wealth supervisor.
FINMA, the Swiss Financial Market Supervisory Authority, has actually offered its approval for the launch of this brand-new item after exactly what the sides refer to as an extensive query.
Customers of the personal bank can now exchange and hold Bitcoin through Falcon using their money holdings. The option assists in simple access to blockchain properties and a hassle-free storage procedure. In addition, a Bitcoin ATM has actually been set up in the lobby of Falcon Private Bank’s head office in Zurich.
” It has actually been an enjoyment helping Falcon in understanding this brand-new item, which is absolutely nothing less than a historical turning point for the whole crypto area,” states Niklas Nikolajsen, CEO, Bitcoin Suisse AG.
Arthur Vayloyan, Global Head Products & Services, Falcon Private Bank Ltd, stated: “Following our tactical collaboration with Move Digital, a best-in-class service provider of digital property management and financial investment advisory systems, this is an additional concrete aspect of our brand-new technique. We are happy to be the first-mover in the Swiss personal banking area to supply blockchain possession management for our customers. Falcon is persuaded that the time is best to enter this nascent market and it is our company belief that this brand-new item will satisfy our customers’ future needs.”
MME served as the legal consultant and PricewaterhouseCoopers as auditor in the approval procedure.