Crypto infrastructure firm Taurus opens first US office as digital assets 'move into mainstream adoption'
Quick Take Along with opening an office in New York City, the Swiss-based Taurus appointed Zack Bender as head of U.S. business. Taurus raised $65 million in a Series B round in 2023, led by Credit Suisse, to accelerate international expansion and product development.
Taurus, a Switzerland-based fintech and digital asset firm, is expanding into the United States for the first time.
The FINMA-regulated firm, which is a provider of institutional-grade digital asset infrastructure, is opening an office in New York, its second North American location after Vancouver, Canada.
Taurus provides digital asset infrastructure to banks such as State Street , Deutsche Bank , and Santander, and is expanding to support greater integration between the U.S. and worldwide financial systems as digital assets move into mainstream adoption, the firm said in a press release.
Along with the expansion, Taurus has appointed Zack Bender as head of U.S. business. Bender previously worked at Fiserv and Swift, according to the release.
"The GENIUS and Clarity Acts, together with the repeal of SAB 121, pave the way for financial institutions and large corporates to scale digital asset activities," Bender said in a statement. "We expect significant adoption in the coming quarters, and I'm excited to support clients with one of the most advanced infrastructures in the world while building Taurus' presence in the U.S. market."
Founded in 2018, Taurus is a provider of enterprise-grade solutions for issuing, storing, and trading cryptocurrencies, tokenized assets, and NFTs. The firm also operates a marketplace for private assets and tokenized securities and is a securities firm regulated and supervised by FINMA.
Credit Suisse led a $65 million Series B in Taurus back in 2023, which also included Arab Bank Switzerland, UBS, and Pictet, to drive "international expansion and product development." The company was approved to offer tokenized securities to retail clients in January 2024.
Earlier this year, Taurus expanded its digital asset custody and tokenization offerings to Solana.
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