Taurus, a digital asset infrastructure provider, has scored $65m in a Series B funding round headed by Credit Suisse.
Also taking part in the round were Deutsche Bank, Cedar Mundi Ventures, Pictet Group, Inventis and Arab Bank Switzerland.
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.
The funds, Taurus claims, will be used to support the firm’s growth strategy across three key priorities. These priorities include hiring top engineering talent to further develop its platform, get closer to clients and expand the sales and customer success organisation of its infrastructure solutions with new offices in Europe, UAE, the Americas and South-East Asia.
In addition, the funds will be used to maintain the firm’s security, risk and compliance requirements across product lines, organisations and processes.
Taurus co-founder and managing partner Lamine Brahimi said, “USD 65mn 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.”
Taurus co-founder and chief security officer JP Aumasson added, “Our team is the only one to have built an end-to-end infrastructure while controlling the full technology stack including blockchain-specific protocols, as well as HSM and MPC technologies. This strategic advantage allows Taurus to execute faster than others, without the dependency and risk associated with third-party providers. As a result, our clients can launch rapidly and scale new use cases”.
In 2021, Taurus partnered with Swiss banking technology firm Temenos to integrate the latter’s digital asset infrastructure into Temenos’ platform.
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