Taurus, a provider of digital asset infrastructure, has raised $65 Million in Series B financing led by Credit Suisse (CS), with participation from Deutsche Bank(DBK).
The Geneva-based company, which is based in Switzerland, plans to use the funds for new hires and expansion across Europe and the United Arab Emirates. According to an announcement made Tuesday. Taurus declined to give a valuation of the company.
Taurus claims it has partnered with over 25 financial institutions including Credit Suisse, Deutsche Bank and Arab Bank Switzerland, along with Pictet Group who joined the funding round. Taurus provides custody, tokenization, and trading for digital assets. It also supports decentralized finance (DeFi) through support.
This funding round serves as a reminder of how capital is still making its way to digital asset industries from major financial institutions despite last year’s crash in crypto markets and the collapses of Voyager Digital and Celsius Network crypto lenders, as well as the crypto exchange FTX. Although the future of the crypto industry is uncertain, the infrastructure firms that provide the infrastructure for the wider digital asset ecosystem seem to be able attract significant investment from mainstream finance.
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