Swiss Crypto Infrastructure Firm Taurus Expands to U.S. With New York Office

CN
coindesk
Follow
4 hours ago


Taurus, a Swiss provider of digital asset infrastructure for financial institutions, said it is expanding into the U.S. with an office in New York.

The move marks its second North American location and signals growing institutional appetite for regulated crypto services amid shifting U.S. policy, the company said Wednesday. It previously opened an office in Vancouver, Canada.

The expansion comes as the GENIUS Act, Clarity Act, and the repeal of SEC Staff Accounting Bulletin (SAB) 121 reshape the U.S. regulatory landscape, creating what industry participants see as the most favorable environment for digital assets in years. Taurus said it expects the changes to drive new adoption among banks and corporates seeking compliant, enterprise-grade digital asset infrastructure.

Founded in 2018 and regulated by Switzerland’s FINMA, Taurus provides custody, tokenization, and trading technology to major financial institutions including State Street (STT), Deutsche Bank (DB), Santander (SAN) and CACEIS. The firm’s infrastructure supports more than 35 blockchain networks.

To lead its U.S. operations, Taurus has appointed Zack Bender as head of U.S. business.

Bender, based in New York, previously held roles at Fiserv and Swift.

“The GENIUS and Clarity Acts, together with the repeal of SAB 121, pave the way for financial institutions and large corporates to scale digital asset activities,” Bender said in the release. “We expect significant adoption in the coming quarters.”

Taurus raised $65 million in a February 2023 Series B funding round led by Arab Bank Switzerland, UBS and Pictet, aimed at accelerating its international expansion and product development.

Read more: Crypto Custodian Taurus Enlists Lido to Bring Liquid Ethereum Staking to Swiss Banks

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink