Geneva-based Taurus specialized in digital assets and distributed ledger technologies has completed its series A funding round. Existing investors as well as new strategic, institutional, and private investors including Arab Bank Switzerland, Investis Group, Lombard Odier, and Tezos Foundation participated in the round.
In less than two years, Taurus has established itself as a category leader in enterprise-grade digital asset infrastructure for regulated financial institutions. The startup developed a platform which includes an end-to-end infrastructure that allows clients to securely store and manage crypto-currencies and digital securities across their full lifecycle. Its product portfolio comprises Taurus-PROTECT, a custody solution which allows financial institutions to enter the digital asset space safely with the highest security, and Taurus-EXPLORER, a SaaS-based blockchain communication infrastructure that provides a unified and highly available API to a dozen protocols.
Today, the company announced the closing of its series A financing round raising an undisclosed 8-digit figure. The round is composed of existing investors as well as new strategic institutional, and private investors that includes Arab Bank Switzerland (lead investor), stock listed real-estate group Investis Group, Lombard Odier, and Swiss Blockchain foundation Tezos Foundation. Taurus will use the funds to further strengthen its engineering team, continuously improve its integrated platform, and fuel expansion in key markets, including the European Union.
“We want to thank our existing and new investors for their trust in Taurus’ vision of converging traditional assets and digital assets," said Co-founder Sebastien Dessimoz." We see significant opportunities, shared by many of our clients, in digitizing the value chain of private markets which is still mainly paper-based. By leveraging distributed ledger and smart contracts technologies, we have built one of the most powerful platforms in the world to achieve this goal. We look forward to accelerating our innovation pipeline in Switzerland and abroad.”
Since the foundation of Taurus in 2018, institutional investors in all major financial centres have increasingly entered the digital asset space thanks to clearer regulatory frameworks and more mature infrastructure such as that of Taurus. Although the industry is still nascent, Taurus sees tremendous potential and efficiency gains for issuers, investors and financial institutions in digitizing the private markets' value chain by leveraging digital assets capabilities.
(Press release/ran)
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