Geneva, Switzerland- April 2020: Taurus Group SA (Taurus), the Swiss leader in digital asset infrastructure for banks, asset managers and stock exchanges, announced today it has secured a CHF 8-digit series A funding round. The financing round is composed of existing investors as well as new strategic institutional, and private investors that include Arab Bank Switzerland (lead investor), stock listed real-estate group Investis Group, Lombard Odier, and Swiss Blockchain foundation Tezos Foundation.
Co-founder Sebastien Dessimoz said: “We want to thank our existing and new investors for their trust in Taurus’ vision. We see significant opportunities, shared by many of our clients, in digitizing the private markets’ value chain which is mostly paper based today. We believe we have built one of the most powerful platforms in the world to do so, from issuance to custody to transfer, leveraging distributed ledger and smart contracts technologies. We look forward to accelerating our innovation pipeline that will further open new business opportunities to our clients and partners in Switzerland and abroad.”
In less than two years, Taurus established itself as the category leader in enterprise-grade digital asset infrastructure for regulated financial institutions. In addition to its intimate knowledge of financial services and regulation, the Company has also managed to build one of the few engineering teams in the world that master the full technology stack from software to hardware, cryptography, distributed systems and devOps. This makes Taurus a future-proof, fast-paced, and sought-after partner to a wide range of clients which include investment banks, private banks, crypto-banks, commercial banks, exchanges and high-tech companies. Taurus’ platform includes an end-to-end infrastructure that allows clients to securely store and manage not only crypto-currencies, but also digital securities across their full lifecycle.
Taurus-PROTECT(TM) hot, warm, cold custody solution enables financial institutions to enter the digital asset space safely with the highest security including banking-grade features and workflows required by regulators and institutional investors. It integrates easily with all types of core banking and accounting systems. Taurus-EXPLORER(TM) is a SaaS-based blockchain communication infrastructure that provides a unified and highly available API to a dozen protocols. It allows any company active in the digital asset space to easily scale their services and reliably transfer digital assets at a fraction of the cost to build. All these products are used by Taurus for its own needs. The funds raised will be used to further strengthen Taurus’ engineering team continuously improve its integrated platform, and fuel the company’s expansion in key markets, including the European Union.
Since the foundation of Taurus in April 2018, institutional investors in all major financial centers have increasingly entered the digital asset space thanks to clearer regulatory frameworks and more mature infrastructure such as that of Taurus. Taurus’ vision is that the world of traditional assets and digital assets are converging. Although the industry is still nascent, Taurus sees tremendous potential and efficiency gains for issuers, investors and financial institutions in digitizing the private markets value chain by leveraging digital assets capabilities.
About Taurus Group
Taurus Group SA is a company created in April 2018 in Geneva, specialized in digital assets and distributed ledger technologies. It was founded by senior executives coming from the banking, asset management, regulatory, technology and cybersecurity areas. Taurus offers enterprise-grade digital assets market infrastructure solutions and financial services to institutional clients.
Learn more on www.taurusgroup.ch
Image © Taurus