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Cryptocurrency Firm Taurus Group Gets €10m In Series A Funding

Cryptocurrency Firm Taurus Group Gets €10m In Series A Funding

The Geneva, Switzerland-based firm, which offers advertise foundation answers for advanced resources for institutional customers, reported Wednesday that it plans to now scale up its tasks with the opening of new workplaces beginning in London, Paris and Frankfurt.

Middle Easterner Bank Switzerland, which depicts itself as a scaffold between the Arab and Western universes, drove the Series A with private Swiss bank Lombard Odier, recorded land bunch Investis and the Tezos Foundation – just as anonymous vital and private speculators – all joining the round. Taurus’ fellow benefactors will remain greater part investors, the firm said,

“The financial industry of tomorrow will leverage the blockchain technology both via traditional asset tokenization and digital assets,” said Serge Robin, CEO of Arab Bank (Switzerland). “We are excited to invest in the leading Swiss fintech offering an outstanding digital asset infrastructure, thus contributing to a much needed evolution of our industry.”

Series A funding is for the most part attempted to guarantee the proceeded with development of an organization with the expectation of arriving at achievements in item advancement and pulling in the new ability required for additional extension.

Sebastien Dessimoz, co-founder of Taurus Group, detailed that the firm will scale up its product and engineering teams as it launches in new markets.

“Taurus is already well established in Switzerland and we have seen a growing demand from other European countries, including France, the United Kingdom and the DACH region,” which includes Germany, Austria and Switzerland, Dessimoz said.

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