Swiss Digital Asset Infrastructure Provider Raises Series A from Arab Bank Switzerland and Lombard Odierby Fintechnews Switzerland April 30, 2020
Taurus Group, a Swiss B2B digital asset infrastructure provider, announced 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.
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 claims to have established itself as the category leader in enterprise-grade digital asset infrastructure for regulated financial institutions.
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.
Featured image: Taurus Team via Taurus Linkedin