Leading digital asset infrastructure provider Taurus SA announced the closing of a $65 million Series B funding round from strategic investors. The round was led by Credit Suisse, one of the largest banks in Switzerland.
Taurus Raises $65M From Strategic Investors
Other investors in the round include Deutsche Bank, Pictet Group, and Cedar Mundi Ventures. Taurus’s existing investors, including Arab Bank Switzerland and Investis, a stock-listed real-estate group, also participated in the round.
Taurus co-founders – Lamine Brahimi, Sébastien Dessimoz, Oren-Olivier Puder, and Dr. Jean-Philippe Aumasson remain the largest shareholders of the company after the latest fundraiser. According to Taurus, the transaction was approved by the Swiss regulator, FINMA.
Founded in 2018, Taurus is a Switzerland-based fintech company focused on digital asset infrastructure. The firm provides infrastructure solutions for financial institutions to issue, custody, and trade any digital assets.
Taurus also operates a regulated marketplace for private assets and tokenized securities. The company claims it has a market share of more than 60% in the Swiss market.
Developing Its Digital Asset Platform
With the fresh capital, Taurus said it would be able to hire top engineering talent to further develop its digital asset platform and boost its technology sales expansion with new offices in Europe, UAE, and soon after in the Americas and South-East Asia.
The cash injection will also enable the infrastructure provider to “maintain the most stringent security, risk and compliance requirements across product lines, processes and organizations.”
Commenting on the fundraiser, André Helfenstein, CEO of Credit Suisse (Switzerland) Ltd., said the partnership is part of the bank’s efforts to become the leading Swiss bank in the digital asset space.
“We continue to embrace new and innovative technologies and expect to soon launch several digital asset services for clients both on the issuing and the investment side,” he added.
The latest funding round comes when the crypto sector is seeing reduced investment from investors due to the market crisis that started last year.
“Raising 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,” Lamine Brahimi, co-founder and Managing Partner of Taurus said.
