Credit Suisse, one of the largest banks in Switzerland, is leading a $65 million Series B funding round in Taurus, a digital asset firm. The investment is aimed at expanding Taurus’ blockchain-based financial services to a wider range of clients, media report said.
Taurus was founded in 2018 by a team of financial services experts and blockchain professionals. Since then, it has become a leading provider of digital asset solutions for institutional clients. Taurus’ platform allows users to manage and trade cryptocurrencies, tokens, and stablecoins securely.
Apart from Credit Suisse, existing investors such as Arab Bank Switzerland and Lombard Odier also participated in the funding round. Taurus plans to use the funds to expand its engineering and product teams and invest in marketing and sales efforts.
The decision of Credit Suisse to lead the funding round is indicative of the increasing interest in digital assets among institutional investors. The bank has expressed interest in blockchain and cryptocurrency in the past and is well positioned to leverage the benefits of digital assets in the financial services industry.
Emmanuel Aidoo, Head of Digital Asset Markets at Credit Suisse, commented, “We are excited to partner with Taurus as they continue to build critical infrastructure for the digital asset ecosystem. The Taurus platform has the potential to transform the way that institutions manage and trade digital assets, and we are confident in their ability to execute on their vision.”
Taurus’ CEO, Sebastien Dessimoz, expressed his gratitude for the support of Credit Suisse and other investors, saying, “We are thrilled to have Credit Suisse and our other investors supporting our mission to empower institutions with enterprise-grade blockchain infrastructure. This investment will enable us to accelerate our product roadmap and expand our international presence.”
With the support of Credit Suisse and other investors, Taurus aims to continue its growth and become a major provider of digital asset solutions for institutional clients.
