Geneva-based Taurus, a company developing market infrastructure for digital assets, announced that it has secured approximately €60.4M in a Series B round of funding led by Credit Suisse.
Deutsche Bank, Pictet Group, Cedar Mundi Ventures, and Series A investors Arab Bank Switzerland and Investis, also participated in the round.
Taurus says it will use the capital to fund its growth strategy which includes hiring top engineering talent; maintaining stringent security, risk, and compliance requirements across product lines, processes, and organizations; and accelerating its technology sales expansion with new offices in Europe, UAE, and soon after in the Americas and South-East Asia.
Founded in 2018, Taurus provides an enterprise-grade infrastructure to issue, custody, and trade any digital assets such as cryptocurrencies including staking, tokenized assets, and digital currencies.
Additionally, the company also operates a regulated marketplace for private assets and tokenized securities.
Taurus claims that it has been involved in tokenizing 15 deals with Swiss-based and EU-based issuers, including banks and asset managers as well as SMEs and startups.
The Swiss company works with over 25 financial institutions and corporate clients in eight countries and three continents.
Clients include systemically important financial institutions, retail and online banks, private banks, crypto-banks, investment banks, and broker-dealers.
Amongst its clients are also banks such as Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote, and Vontobel.
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