Digital asset infrastructure Taurus Group raises 8-digit financing in Series A funding round
Thu, 30 Apr 2020, 08:47 am UTC
Taurus Group SA, a company specializing ini digital asset and distributed ledger technologies, has secured a CHF 8-digit series A funding round.
According to the press release, the financing round included its existing investors and new strategic institutional and private investors. It was spearheaded by Arab Bank Switzerland. Real estate group Investis Groupo, Lombard Odier, and Swiss Blockchain foundation Tezos Foundation, all participated in the funding round.
“We want to thank our existing and new investors for their trust in Taurus’ vision. We see significant opportunities, shared by many of our clients, in digitizing the private markets' value chain which is mostly paper based today,” said Sebastien Dessimoz, Co-Founder at Taurus Group SA.
“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.”
Taurus is ai future-proof, fast-paced, and sought-after partner to a wide range of clients because of its expertise. The firm is a category leader in enterprise-grade digital asset infrastructure for regulated financial institutions. It caters to various businesses including investment banks, private banks, crypto-banks, commercial banks, exchanges, and high-tech companies.
Taurus was established in 2018. Its Taurus-Protect hot, warm, cold custody solution helps financial institutions join the digital asset space safely with the highest security including banking-grade features and workflows required by regulators and institutional investors.
The firm also offers Taurus-EXPLORER, a SaaS-based blockchain communication infrastructure that provides a unified and highly available API to dozens of protocols. It enables companies in the crypto space to scale their service and transfer digital assets at a lower rate.
Taurus wants to see the convergence of traditional assets and digital assets.
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