Banks lead $65 million investment in crypto-infrastructure firm Taurus

finextra.com:

Founded in April 2018, Taurus provides enterprise-grade infrastructure to issue, custody and trade any digital assets: cryptocurrencies including staking, tokenized assets and digital currencies.Taurus already works with more than 25 financial institutions and corporate clients in eight countries and three continents, including systemically important financial institutions, retail and online banks, private banks, crypto-banks, investment banks, and broker-dealers. Clients include Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote, Vontobel.André Helfenstein, CEO, Credit Suisse Switzerland, comments: "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."Taurus intends to use the new capital to hire more engineering talent and to open new offices in Europe, UAE and soon after in the Americas and South-East AsiaLamine Brahimi, co-founder and managing partner of Taurus, says: "Raising $65 million 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."Sabih Behzad, head of digital assets and currencies transformation, Deutsche Bank, comments: "We will integrate Taurus' technology in our own IT environment.