Taurus, a digital asset infrastructure supplier for monetary establishments in Europe, has raised $65 million in a Sequence B capital elevate led by Credit score Suisse. The funding spherical additionally noticed participation from a number of different institutional buyers, together with Deutsche Financial institution, Pictet Group, Cedar Mundi Ventures, Arab Financial institution Switzerland, and Investis.
Based on the Feb. 14 announcement, the funds raised will probably be utilized by Taurus to bolster its progress technique in three main areas: recruiting prime engineering expertise to proceed growing its platform; increasing its gross sales and buyer success group to reinforce its infrastructure options with new places of work in Europe, the UAE, and later within the Americas and Southeast Asia; and lastly, sustaining essentially the most rigorous safety, threat and compliance necessities throughout product traces, processes and organizations.
Taurus has established partnerships with over 25 monetary establishments and company shoppers throughout eight nations and three continents. Taurus’s shoppers embody monetary establishments akin to Arab Financial institution Switzerland, CACEIS, Credit score Suisse, Deutsche Financial institution, Pictet, Swissquote and Vontobel.
Taurus stated it sees huge potential for the digital asset business to achieve a worth of greater than $10 trillion by digitizing non-public property. The corporate has already performed a task in tokenizing 15 offers with a variety of issuers, together with banks, asset managers, small and medium-sized enterprises, and startups based mostly in Switzerland and the European Union. Moreover, Taurus was lately chosen by a publicly-traded insurance coverage firm to tokenize actual property.
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On Jan 24, Cointelegraph reported that blockchain improvement platform QuickNode closed a $60 million funding spherical as a part of a worldwide enlargement supposed to onboard extra customers and builders to Web3 purposes. The Sequence B elevate, which valued QuickNode at $800 million, was led by enterprise capital agency 10T Holdings, with participation from Tiger World, Seven Seven Six and QED.