Credit Suisse led the Series A capital round for Taurus. The company, which specializes in providing digital infrastructure to European financial institutions, raised $65 millions. Additional institutional investors included Pictet Group and Cedar Mundi Ventures as well as Investis.
Taurus announced on February 14 that it would use the funds to expand its growth strategy. It will be using the funds to recruit top engineers to develop its platform, increase its sales and customer success organization to improve its infrastructure solutions. Taurus also plans to open new offices in Europe and the UAE as well as in the Americas and Southeast Asia. Finally, it will adhere to the strictest security, compliance, and risk requirements for all its operations.
Taurus has forged partnerships with more than 25 financial institutions and business customers in eight countries and on three continents. These connections span the globe. Taurus counts Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote, and Vontobel among its clientele. Credit Suisse, Swissquote and Vontobel are some of its customers.
Taurus believes digitization can help the digital asset industry reach more than $10 trillion in value. This business participated previously in the tokenization There are 15 projects in Switzerland and Europe with various issuers. These issuers are banks, asset managers, startups, and small- and medium-sized businesses. Taurus was also chosen by a publicly traded insurance company to tokenize actual assets.
Companies involved in digital assets continue seeking financing despite the fact they are in a bearish market for cryptocurrencies. They may be able to continue expanding and innovating within the ecosystem.