Taurus Group, which builds technology for digital assets, has closed a CHF eight-digit Series A round.
The round was led by Arab Bank Switzerland, with additional commitments coming from Investis Group, Lombard Odier and Tezos Foundation.
The company was founded in 2018 with the aim of merging traditional assets and digital assets. Its technology helps investment banks, private banks, crypto-banks, commercial banks, exchanges and tech companies to access an end-to-end infrastructure to store and manage cryptocurrency and digital securities.
Taurus-PROTECT is a custody solution which enables financial institutions to enter the digital asset space, with tools to ensure security and implement banking-grade features and workflows that meet compliance requirements. The Taurus-EXPLORER solution is a SaaS-based blockchain communication infrastructure which offers a unified API, which enables a company to access the digital asset space and transfer assets.
With the close of the round, the FinTech plans to extend its engineering team to help bolster its platform. Capital will also be used to move into new markets, with a particular focus on the European Union.
Taurus Group co-founder Sebastien Dessimoz said, “We believe we have built one of the most powerful platforms in the world to do so, from issuance to custody to transfer, leveraging distributed ledger and smart contracts technologies. We look forward to accelerating our innovation pipeline that will further open new business opportunities to our clients and partners in Switzerland and abroad.”
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