Taurus, a European service provider within the digital asset sector, has just announced the successful completion of its Series B funding round.
Taurus is a notable name within the digital asset sector, as it looks to incorporate more than just Bitcoin and cryptocurrencies. Rather, it has taken a more encompassing approach, maintaining equal focus on high-potential asset classes like digital securities (security tokens) and non-fungible tokens (NFTs).
Digital securities in particular are rapidly gaining in popularity, as regulators around the world have begun cracking down on assets and service providers not in compliance with securities laws. As a result, investors are now seeking out assets, like digital securities, that already adhere to existing laws, while still offering many of the benefits provided by blockchain technology.
Details of the Raise
In this particular raise, Taurus was able to attract $65M worth of fresh capital from a variety of investors. These included, but are not limited to,
- Credit Suisse
- Deutsche Bank
- Pictet Group
- Cedar Mundi Ventures
Cumulatively, Taurus is now believed to have raised in excess of $76M through its various funding rounds, which date back to 2018.
Taurus notes that with this new funding, it has earmarked multiple areas in its operations which it hopes to develop. These include,
- hiring new talent
- expand operations throughout Europe, UAE, the Americas, and South-East Asia
- maintain security and compliance measures
As it stands, Taurus already offers its clients access to Taurus-PROTECT (a custodial service for tokenized securities, digital currencies, etc.), Taurus-CAPITAL (lifecycle management for tokenized assets), and a regulated marketplace it calls the T-DX platform.
Upon announcing details of this successful raise, Lamine Brahimi, Managing Partner of Taurus, took the time to comment.
“Raising USD 65mn in the current market environment tells a lot about the quality of Taurus’ people and products. We are proud to welcome such high-profile investors and benefit from their expertise to further develop one of the richest platforms in the industry, covering any type of digital assets, way beyond cryptocurrencies.”
Founded in 2018, Taurus SA operates out of Switzerland. In the years since, the company has worked to build out its offering, describing itself as a, “unified platform to manage any digital asset: cryptocurrencies, tokenised assets, and digital currencies”.