Taurus SA – a Swiss entity that provides an infrastructure to issue, custody, and trade cryptocurrencies – raised $65 million to improve its platform and expand internationally.
Major monetary institutions, including Credit Suisse, Deutsche Bank, and Arab Bank Switzerland, led the financing.
Facing Towards Other Continents
Taurus disclosed it will use the funds from the Series B fundraiser to hire more engineers who could develop its platform, offer additional security to clients, and expand across the globe. Its main target is to open offices in Europe and the United Arab Emirates (UAE) and later focus on the Americas and South-East Asia.
The multi-million funding round was led by numerous financial giants, such as Credit Suisse, Deutsche Bank, Pictet Group, Arab Bank Switzerland, Investis Holding SA, and Cedar Mundi Ventures. The transaction received approval from the Swiss Financial Market Supervisory Authority (FINMA) – a government agency responsible for monetary regul
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