The Series B capital round for Taurus, a company that specializes in providing digital asset infrastructure to financial institutions in Europe, was led by Credit Suisse and raised a total of $65 million. In addition, several additional institutional investors, such as Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis, participated in the investment round.

The announcement made on February 14 indicated that the funds raised by Taurus would be used to strengthen its growth strategy in three main areas: recruiting the best engineering talent to continue developing its platform; expand its sales and customer success organization to enhance its infrastructure solutions with new offices in Europe, the United Arab Emirates and later in the Americas and Southeast Asia; and finally, maintaining the strictest security, risk and compliance requirements in all its operations.

Taurus has formed partnerships with more than 25 different financial institutions and commercial clients in eight countries and three continents. These ties extend throughout the world. Taurus counts Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote and Vontobel among its clientele. Other clients include Credit Suisse, Swissquote and Vontobel.

Through the digitization of private assets, Taurus believes there is a huge opportunity for the digital asset business to reach a value of more than $10 trillion. The company has previously participated in the tokenization of 15 projects with a variety of issuers located in Switzerland and the European Union. These issuers include banks, asset managers, small and medium-sized businesses, and startups. Also, a publicly traded insurance company has just selected Taurus as its preferred platform for tokenizing real assets.

Companies that trade digital assets continue to seek funding despite the cryptocurrency price being in a bear market so they can continue to expand and innovate within the ecosystem.