Market News

Taurus Secures $65 Million Funding for Platform Expansion

Swiss-based fintech Taurus Source: Fintech News Switzerland

Swiss-based fintech company Taurus has completed a $65 million Series B funding round led by global financial giants Credit Suisse and Deutsche Bank.

The funds will be used to further develop the firm’s infrastructure and provide innovative solutions for the growing digital asset market.

Taurus has seen significant growth in recent years as more institutional investors, family offices, and financial service providers turn to cryptocurrencies as a viable investment option.

The company provides infrastructure and tools for digital asset trading and custody and plans to use the funds to expand its offerings and enhance its technology.

The successful funding round included contributions from Pictet Group, Cedar Mundi, Investis Holding, and Arab Bank Switzerland. Taurus also announced plans to expand its operations to the United Arab Emirates, Europe, Southeast Asia, and the Americas.

Credit Suisse and Deutsche Bank’s decision to invest in Taurus signals a growing interest in the digital asset industry and the potential for blockchain technology to revolutionize traditional finance.

Taurus Managing Partner and co-founder Lamine Brahimi expressed his gratitude for the support of both Credit Suisse and Deutsche Bank, stating that the funding round would help accelerate the company’s growth and provide innovative solutions for clients.

Despite the current bearish trend in the broader crypto market, Deutsche Bank remains optimistic about the industry’s potential and sees the current state as a good investment opportunity.

The success of Taurus’ funding round highlights the growing interest in the digital asset industry and the potential for companies to provide much-needed infrastructure and tools for investors and institutions entering the space.

Tags

Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.