Credit Suisse leads the $65 million Series B financing round for Taurus of Switzerland, which provides digital asset infrastructure for financial institutions. Other new institutional investors include Deutsche Bank, Pictet Group and Cendar Mundi Ventures, along with existing investors Arab Bank Switzerland and Investis.

The Taurus platform supports cryptocurrencies, tokenized securities, and digital currencies, providing custody, asset tokenization, and a FINMA-regulated marketplace for tokenized securities, TD-X. Existing institutional clients include Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote and Vontobel.

“The strategic partnership with Taurus is a cornerstone of the Swiss Bank division’s digital asset strategy with the ambition to become the leading Swiss bank in that space,” said André Helfenstein, CEO of Credit Suisse (Switzerland). “We continue to embrace new and innovative technologies and look forward to launching various digital asset services for clients on both the issuance and investment sides soon.”

Deutsche Bank said it plans to integrate the Taurus solution within its own IT environment for the custody of digital assets.

Credit Suisse has been working with the startup since at least 2021, when the Taurus platform was used to tokenize shares of the Alaïa sports complex on the public Ethereum blockchain, with Credit Suisse acting as custodian. Late last year, Credit Suisse, Pictet, and Vontobel tokenized securities on the Ethereum public testnet using Taurus technology.

And Swiss private bank Cité Gestion tokenized its own shares earlier this year.

Taurus says it sees the digitization and tokenization of private assets as the next trillion dollar opportunity.