One of the first banks to offer Bitcoin services to its customers

Realizing that the crypto currency is the future, a brave step taken from one of the largest banks in the world.

Wednesday 12 July 2017, Switzerland-based private bank Falcon Group offered bitcoin asset management for their customers. Investors can ask their asset manager at Falcon Private Bank, to purchase and store bitcoin on their behalf.

Falcon Group is a well-known bank based in Zurich that manages CHF 14.6 billion in customer assets worldwide. Also it has offices in Geneva, Hong Kong, Singapore, Dubai, and London.

Arthur Vayloyan, Global Head Products & Services, Falcon Private Bank said:

We have various clients that are interested in buying bitcoin for investment purposes, and we’re making it very convenient for them,

The Swiss financial authority, FINMA, granted Falcon regulatory approval on Tuesday 11 July 2017.

Arthur Vayloyan also said:

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,

Nikolajsen added:

A bank offering crypto-assets is a game changer, as it gives institutional clients and high net worth individuals a counterparty in regards to crypto-assets upon which they can rely: A regulated Swiss bank. This announcement marks a major leap for Bitcoin as an asset class and indeed for all the crypto-assets. The door has been opened wide for an entirely new class of investors to engage in the crypto-asset market,

Who do you think is next? And how many years it will take for all the banks around the world to take this brave step?

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Ahmad Rezk