Swiss-based digital asset firm, Taurus, is expanding its presence in Europe to assist institutions grappling with the Markets in Crypto-assets (MiCA) regulations. The company, specializing in infrastructure for cryptocurrencies, tokenized assets, and non-fungible tokens (NFTs), is establishing offices in London and Paris.
The London office will be spearheaded by Jürgen Hofbauer while Arnaud Fleisher will take the reins in Paris. This move comes as a strategic response to the wave of regulatory changes sweeping across the European financial landscape, particularly affecting digital assets.
In a recent development, Taurus secured $65 million from investors including Credit Suisse (SIX:CSGN) and Deutsche Bank (ETR:DBKGn). This funding round marks a significant milestone for the company as it seeks to bolster its operations in the continent.
Following the funding round, Deutsche Bank formed a partnership with Taurus. The collaboration will see Deutsche Bank offering digital asset custody and tokenization services, further cementing Taurus's position in the evolving digital asset space.
Taurus's expansion and the subsequent partnership with Deutsche Bank underscore the growing institutional interest in digital assets and reflect efforts to navigate regulatory changes effectively.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.