Swiss crypto infrastructure firm Taurus is expanding to us with a New York office
Taurus, a Swiss provider of digital asset infrastructure for financial institutions, said it is expanding into the US with an office in New York.
The move marks a second North American location and signals growing institutional appetite for regulated crypto services amid shifting US policy, the company said Wednesday. It previously opened an office in Vancouver, Canada.
The expansion came as Genius Act, Enlightenment lawand the repeal of SEC Staff Accounting Bulletin (SAB) 121 Reshape the US regulatory landscape, creating what industry participants see as the most favorable environment for digital assets in years. Taurus said it expects the changes to drive new adoption among banks and corporations looking for a compliant, enterprise digital asset infrastructure.
Founded in 2018 and regulated by Switzerland’s Finma, Taurus provides custody, tokenization, and trading technology to major financial institutions including State Street (STT), Deutsche Bank (DB), Santander (SAN) and Caceis. The company’s infrastructure supports more than 35 blockchain networks.
To lead the US operations, Taurus appointed Zack Bender as head of the US business.
Bender, based in New York, previously held roles at Fiserv and Swift.
“The Genius and Clarity act, along with the repeal of SAB 121, has paved the way for financial institutions and large corporations to measure digital asset activities,” Bender said in the release. “We expect significant adoption in future residences.”
Taurus raised $ 65 million in a February 2023 Series B Funding Funding Led by Arab Bank Switzerland, UBS and Pictet, which aims to accelerate international expansion and product development.
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