Taurus, focussed on institutional-grade digital asset infrastructure, announces the opening of its newest office in Vancouver, the first in North America. The Government of Québec intends to invest equity in H55, a pioneer in electric aviation technologies. The two start-ups are not alone in their activities in Canada. A recently published study by Switzerland Global Enterprise sheds light on the strong bilateral trade relations between the two countries.
Taurus’ expansion to Canada marks a significant milestone in their international growth strategy and reinforces its position as a technology leader in the digital asset space with eight offices on three continents. The decision to open an office in Vancouver comes in response to the growing demand for Taurus’ digital asset custody and tokenization services in North America, particularly from regulated financial institutions.
Taurus SA is a Swiss FinTech, 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. Taurus is a global leader in the banking segment, customers include the full spectrum of financial institutions: systemic banks, universal banks, online banks, crypto-banks, private banks, and broker-dealers.
Government of Québec to invest in equity in H55
Headquartered in Switzerland, H55 leads the way in electric aviation, specializing in certified electric propulsion, battery storage, and energy management solutions. This week, H55 announced the intention of the Government of Québec to invest in equity in H55. Led by Investissement Québec, a key driver of economic development in Quebec, this investment would mark a major milestone in H55’s journey to bring certified electric propulsion solutions to North America, supporting the company’s production ramp-up and research and development activities.
H55 Canada, located in the Greater Montreal region in Longueuil, will serve as the primary hub for H55’s North American manufacturing operations. Equipped with a state-of-the-art facility, initial battery pack production is set to commence in late 2024. H55 Canada will continue to collaborate on product development and engineering customization with key customers, including Pratt & Whitney Canada, CAE, and Harbour Air.
New study by the Swiss Business Hub Canada
Taurus and H55 are two of over 300 Swiss companies that are active in Canada, according to a recently published study by Switzerland Global Enterprise. The Swiss Business Hub Canada has meticulously mapped the Swiss-based business presence in Canada, providing a comprehensive analysis of the Swiss commercial footprint within the country. This study offers compelling insights into the operations of 320 Swiss-based companies that have successfully established themselves in Canada, collectively generating approximately 54,000 high-quality jobs.
Bilateral trade is facilitated by a first-generation free trade agreement (2009), a common national language – French – and the federal structures characterizing both countries. According to the latest figures from the Swiss National Bank (SNB), for 2021, Swiss direct investment stocks in Canada increased by 5,7% to CHF 33,8 billion, or 2,4% of total Swiss direct investment abroad (ranking 10th).
(Press release / SK)
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