Taurus, a digital asset infrastructure provider for financial institutions in Europe, has raised $65m in series B capital from strategic investors.
The funds will be used to hire more people, get closer to its clients as it expands in Europe, to the UAE, Americas and Southeast Asia, and to keep up to date with compliance requirements.
The round was led by Credit Suisse, with participation from new institutional investors Deutsche Bank and Pictet Group, and series A investors Arab Bank Switzerland and Investis.
Taurus was founded in 2018 by Lamine Brahimi, Sébastien Dessimoz, Oren-Olivier Puder and Jean-Philippe Aumasson, who will remain the largest shareholders of Taurus and at the helm of the company.
The Switzerland-based company supplies financial institutions such as retail and digital banks, crypto banks and broker-dealers. Among its clients are Arab Bank Switzerland, CACEIS and Credit Suisse.
Taurus’s platform provides clients with custody services, tokenisation and a market place to trade.
Lamine Brahimi, managing partner of Taurus, commented: “We are proud to welcome such high-profile investors and benefit from their expertise to further develop one of the richest platforms in the industry, covering any type of digital assets, way beyond cryptocurrencies.”
André Helfenstein, chief executive officer at Credit Suisse, added: “We continue to embrace new and innovative technologies and expect to soon launch several digital asset services for clients both on the issuing and the investment side.”
Sabih Behzad, head of digital assets and currencies transformation at Deutsche Bank, said: “We will integrate Taurus‘ technology in our own IT environment. This will form a key part of our digital asset custody platform and will make it easier for us to develop and roll out our digital asset custody offering.”