The funds will be used to expand Taurus’ new offices in Europe, the UAE and later in the Americas and Southeast Asia
IN BRIEF:
- The funding round saw participation from several institutional investors, including Credit Suisse, Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis
- The funds raised will be used to bolster its growth strategy in three primary areas: recruiting top engineering talent; expanding its sales and customer success organization; and maintaining the most rigorous security, risk and compliance requirements across product lines, processes and organizations
- Taurus has established partnerships with over 25 financial institutions and corporate clients across eight countries and three continents
What does this mean?
“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,” Credit Suisse Switzerland CEO André Helfenstein. “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.”
