RIDDLE&CODE Supports Swiss Private Bank Custody Solution for Digital Assets

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    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]