Next expansion steps for Taurus und Sygnum in Asia

Taurus, founded in April 2018, that provides enterprise-grade digital asset infrastructure to issue, custody, and trade any digital assets, including cryptocurrencies, tokenized assets, NFTs, and digital currencies. The company is growing strongly: in October it opened two new offices in the U.K. and France. Now, Taurus announced a new office in Dubai, strengthening its technology leadership in the Middle East region and Turkey. The office will be led by Bashir Kazour who brings more than 20 years of retail, capital markets, and technology experience gained at Royal Bank of Canada, Standard Chartered, and FIS, a leading banking and payment technology provider.

Over the past few years, the UAE have progressively clarified their regulatory framework with the establishment of the Virtual Assets Regulatory Authority (VARA) in Dubai and other key initiatives in the area of digital assets and innovations such as ADGM and RAK DAO. Dubai and the DIFC represent a natural first step for Taurus’ expansion in the region.

Sygnums' first B2B client in Singapore

Bordier & Cie (Singapore) is Sygnum Singapore’s first B2B client since the latter received its MAS Major Payment Institutions licence in October 2023 and launched its regulated Digital Payment Token (DPT) brokerage service. 

Globally, Sygnum has enabled the 15+ banks and international financial institutions on its B2B platform access to a wide range of regulated digital asset services from one entry point, to launch at speed and scale on-demand via API. Supported by the highest standards of compliance and dedicated, crypto-native teams, Sygnum Singapore’s B2B partners can offer regulated crypto under their own brand and future-proof their offering.

Bordier & Cie (Bordier) is a boutique private bank with over 175 years of expertise in providing bespoke financial services to generations of families around the world. Serving as its Asian headquarters, the Singapore office provides private banking, asset management and family office services to high net worth individuals residing across 48 countries. The bank also works with financial institutions as well as independent asset managers by providing banking and investment management capabilities.

(Press release / SK)
Picture: Ahmad Ardity / Pixabay