Taurus has experienced significant growth in recent years, expanding its client base to institutional investors, family offices, and other financial service providers. Additionally, the crypto company just completed a funding round, raising $65 million. Two major banks, Credit Suisse and Deutsche Bank supported the funding round and contributed significantly to the investment.
With the new funding, Taurus plans to expand its offering and provide innovative solutions for the digital asset market.
Taurus is Committed to Platform Improvement
Taurus is a Swiss-based fintech company that provides infrastructure and tools for trading and holding digital assets. The company has experienced rapid growth in recent years as more investors turn to cryptocurrencies as a viable investment option.
With the new funding, Taurus plans to expand its offerings and improve its technology and infrastructure to meet the growing demand for digital asset services. In addition, the company declare that it will use the funds from the Series B fundraising to involve more hands that will develop the platform by providing security to more clients and expansion around the world.
The company plans to open branches in the UAE (United Arab Emirates) and Europe and expand to Southeast Asia and the Americas. To achieve this goal, certain giants in the financial sector are leading the funding round. These financial icons include Credit Suisse, Deutsche Bank, Pictet Group, Cedar Mundi, and Investis Holding. The funding round also included a contribution from venture capital firm Arab Bank Switzerland.
Meanwhile, Credit Suisse and Deutsche Bank are financial institutions firmly established in the global financial market. The decision to invest in Taurus signals the growing interest in the digital asset industry and the potential of blockchain technology to revolutionize traditional finance.
At statement, Taurus Managing Partner and co-founder Lamine Brahimi thanked Credit Suisse and Deutsche Bank for their support. He said he was pleased to have Credit Suisse and Deutsche Bank as investors in Taurus. They added that this round of funding will help them accelerate their growth and provide innovative solutions to their clients.
The success of the round demonstrates the growing interest in the digital asset industry and the potential for companies like Taurus to provide the infrastructure and tools needed for investors and institutions entering the space.
Credit Suisse And Deutsche Bank Take Investments
Deutsche Bank is not worried about the bearish trend in the broader crypto market. On the contrary, the company believes that the current market conditions create a good investment opportunity.
Furthermore, a statement from the crypto management arm, DWS Group, revealed its thoughts on investing in several German-owned digital asset organizations, Tradias and DDA (Deutsche Digital Assets).
Regarding the investment in Taurus, digital assets and currency transformation at Deutsche Bank, Sabin Behza said that they will integrate Taurus technology in the IT environment of the bank. According to Behzad, the integration will simplify the development of digital asset custody offerings for customers.
On the other hand, Credit Suisse Swiss CEO Andre Helfenstein stated that the partnership with Taurus will help them become the leading Swiss bank in digital asset services.
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