Falcon Private Bank announced on August 16, 2017, that it is working with Bitcoin Suisse AG to include additional cryptocurrencies (Ether (ETH), litecoin (LTC), and bitcoin cash (BCH)) to its blockchain asset management services.
Support for the newly added cryptocurrencies will officially launch on August 22, at which point clients using the services will be able to diversify their crypto-portfolios. In the month prior, cryptocurrencies got a foot-in-the-door with Falcon, so-to-speak, as the bank opened up to bitcoin-based investments. Now the doors have opened a bit more to include other leading cryptocurrencies.
Bitcoin Suisse AG will act as the crypto-asset broker for Falcon. Bitcoin Suisse AG has had a great deal of experience in the crypto-space, having worked in the past with crowdfunding projects that include OmiseGo, Bancor, Status, TokenCard, Tezos, aeternity, Melonport, Matchpool, Decentraland, and Moeda, to name a few. The Swiss company has been AML-regulated since 2014 and has provided crypto-asset services to a number of banks and institutions.
CEO of Bitcoin Suisse AG Niklas Nikolajsen said his company takes pride in its support of Falcon's endeavors with blockchain-based currencies. "Falcon Private Bank was the first bank to offer Bitcoin directly to its clients, and thus created history," he said. "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."