VIENNA–(BUSINESS WIRE)–RIDDLE&CODE, a deep-tech European blockchain solution innovator, today
announced the support of Swiss-based Falcon Private Bank (Falcon) with
the development of their best-in-class crypto custody solution.
Earlier this year, Falcon became the first Swiss private bank to
introduce direct transfers of cryptocurrencies for both individual and
institutional clients. Falcon’s offering relies on its new custody
solution, developed in close collaboration with RIDDLE&CODE, focusing on:
-
Security: “Hard wallets” use offline storage that is always
encrypted, this removes the usual single-point-of-failure for managing
signing secrets -
Flexibility: with the ability to change the number of required
digital signatures to authorize a transaction, on a case-by-case basis -
Efficiency: tokenisation of physical assets, when associated
with RIDDLE&CODE tagging technology, enables machines to interact
securely, improving processes
Tom Fürstner, a recognised crypto expert, RIDDLE&CODE founder,
and CTO said: “Our team worked intensively with Falcon to reach
ambitious security and regulatory goals with an open approach to design.
We created a solution, based on hardware wallets, that challenges the
rigid Hardware Security Model (HSM) by leveraging RIDDLE&CODE’s new open
token platform using blockchain to enhance security and flexibility”.
Alastair Fiddes, Falcon Group COO added: “We are proud of our new
custody solution that respects all regulatory and compliance
requirements. It allows secure storage of selected digital assets with
great flexibility while allowing us to add further cryptocurrencies in a
timely and efficient manner. Our cooperation with RIDDLE&CODE has
enabled us to bypass the competition and to reaffirm our first-mover
role in the area of blockchain banking services”.
About RIDDLE&CODE
RIDDLE&CODE, a Blockchain interface company, is a European start-up that
builds hardware and software stacks bringing trusted identity to objects
and people. Together with its tier one clients and partners, RIDDLE&CODE
brings greater efficiency and new business models to financial markets,
energy distribution, supply chain management and the Internet of Things.
More information: www.riddleandcode.com
Contacts
Media contact:
Benjamin Schwarz, +33 674 787 954
[email protected]
