Geneva, Switzerland-based leading digital asset infrastructure provider for financial institutions in Europe, Taurus SA raised USD 65 million in Series B. The company announced the fundraise on February 14, 2023. Credit Suisse led the financing for the company. Meanwhile, institutional investors such as Deutsche Bank, Pictet Group, and Cedar Mundi Ventures joined in the funding. Previous investors such as Arab Bank Switzerland and Investis also provided the investment.
Purpose of funding for Taurus
With the latest financing, Taurus has plans to grow its strategy across three main priorities. Firstly, it seeks to hire top engineering talent to further develop the complete platform in the industry. Secondly, Taurus aims to get closer to clients as well as expand the sales and customer success organization of its infrastructure solutions with new offices in Europe, UAE and soon after in the Americas and South-East Asia.
In addition, the company intends to maintain the most stringent security, risk and compliance requirements across product lines, processes and organizations.
What the company’s official has to say
Lamine Brahimi, co-founder and Managing Partner of Taurus, said, “Raising USD 65mn 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.”
What the investors have to add
André Helfenstein, CEO of Credit Suisse (Switzerland) Ltd., further commented, “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.”
In addition, Sabih Behzad, Head of Digital Assets and Currencies Transformation 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. Through this investment, Deutsche Bank is delighted to partner on the development of the market for digital assets.”
About the company
In 2018, Founders Jean-Philippe Aumasson, Lamine Brahimi, Oren-Olivier Puder, and Sébastien Dessimoz launched the company. Taurus works with more than 25 financial institutions and corporate clients in eight countries as well as three continents. Its clients include systemically important financial institutions, retail and online banks, private banks, crypto-banks, investment banks, and broker-dealers.
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