First successful steps on the way to create a Nasdaq for digital assets
After having secured a 7-digit first financing round from private investors and having received early June a confirmation from the Swiss regulator, FINMA, Taurus Group SA will first start its operations as a financial intermediary in July 2018. In parallel, it is applying to a Swiss broker-dealer license.
Taurus Group SA aims to build, from Switzerland, one of the first fully regulated exchange platforms for digital assets in Europe abiding by the highest institutional standards. By doing so, it intends to become the trusted counterparty for institutional and private investors looking to trade digital assets. According to the start-up, such an institutional-grade exchange is the only missing piece in the already attractive Swiss ecosystem.
Sébastien Dessimoz, co-founder of Taurus Group SA, explains: “Our objective is to create a Nasdaq for digital assets and to build step by step one of the most competitive teams in Europe. We are closely working with clients, financial services institutions, regulators and top academic institutions to develop the services and infrastructure of tomorrow.”
Pierre Maudet, President of the State Council of the Republic of Geneva says: “We welcome and help projects such as that of Taurus Group SA, as they represent a significant added value for the Geneva’s growing ecosystem, in the field of blockchain applications and cryptocurrencies.”
First financing round
Taurus Group SA has secured a 7-digit first financing round from private investors and already has contractual relationships with major Swiss financial institutions in the areas of trading and custody of digital assets. The firm is also collaborating with leading software companies to integrate seamlessly its proprietary technology with financial institutions.
(Press release)
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