Taurus, a Swiss digital asset developing platform, secured USD 65 million in a Series B funding round led by Credit Suisse with the participation of Deutsche Bank, Pictet Group, Cedar Mundi Ventures, and Series A investors Arab Bank Switzerland and Investis. The funding will support Taurus’ growth strategy in three core directions.
The company pursues success in hiring professional engineers with talent and experience, expanding its connections by reaching Europe, UAE, Americas, and South-East Asia, and maintaining the most strict security, risk, and compliance requirements across product lines, processes and companies.
Founded in 2018, Taurus was created from the belief that distributed ledger technologies will positively contribute to the growth of the economy by starting with capital markets with design infrastructure from decades ago. Taurus provides enterprise-grade infrastructure to issue, custody, and trading of any digital assets such as cryptocurrencies, tokenized assets, and digital currencies.
According to the company, Taurus has been included in tokenizing 15 deals with Swiss-based and EU-based issuers, including banks and asset managers and SMEs and startups. Currently, Taurus reaches three continents, providing its services to eight countries and more than 25 financial organizations. Among its customers are well-known banks such as Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote, and Vontobel.
"The strategic partnership with Taurus is a cornerstone of the Swiss Bank division’s digital assets strategy with the ambition to become the leading Swiss bank in that space. 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."
- CEO of Credit Suisse, André Helfenstein
Taurus has consistently made investments in its unique technology since its founding in 2018 to create the most comprehensive platform in the sector, enabling clients to manage any digital assets.
Raising $65M in the current market environment tells a lot about the quality of Taurus’ people and products. 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.
- comments one of the co-founders of Taurus, Lamine Brahimi.