Falcon Private Bank has announced the trading and custody support for XRP along with Stella Lumens XLM. Falcon Private Bank AG is a Swiss private bank specializing in asset management and related financial services, headquartered in Zurich.
Falcon Private Bank had more than 350 employees as of January 2014, had a balance sheet total of almost two billion Swiss francs for the 2012 financial year and managed assets of CHF 12.1 billion in 2012. In addition to its Zurich headquarters, Falcon Private Bank has offices in Geneva, Hong Kong and Singapore, as well as offices in Abu Dhabi, Dubai and London. In addition, it holds a 42.5 percent stake in bank zweiplus.
Falcon Private Bank has 50 years of experience in the financial stream and offers banking solutions for blockchain assets. Before adding XRP and XLM, Falcon Private Bank was offering services to some of the largest digital assets on the market including Bitcoin, Bitcoin Cash, Ethereum and Litecoin. The platform has recently allowed trading and custody for XRP and XLM which is a major plus for most swiss investors.
Falcon Private Bank took to twitter and had this to say:
Proud to introduce trading and custody for XRP and Stellar Lumens.
Discover our full range of blockchain solutions: https://t.co/u6gdkKUFCC@falconpb #blockchain #XRP #XLM #Crypto #agileprivatebanking pic.twitter.com/SjLLSQ4Jox
— Falcon Private Bank (@falconpb) June 27, 2019
At the time of the announcement, XRP surged close to 3%.