Major Funding for Taurus
Taurus, the digital asset infrastructure provider that has been steadily making waves in the European financial landscape, just secured a hefty $65 million in its Series B funding round. This financial boost was led by none other than Credit Suisse, with contributions from several other heavyweights like Deutsche Bank and Pictet Group. They certainly know how to throw a party for institutional investors!
Where Will the Money Go?
The recent announcement revealed that Taurus has some ambitious plans to make the most of this cash infusion:
- Talent Acquisition: They’re on the hunt for top-notch engineering talent. If you can code and have a pulse, they might want you on board!
- Expansion: This involves enhancing their sales and customer success teams and opening new offices across Europe, the UAE, and possibly even in the Americas and Southeast Asia in the near future. Because who doesn’t want to jet set while working, right?
- Security & Compliance: Given the underlying risks in the digital landscape, maintaining stringent security and compliance protocols across all operations is a priority. Taurus is not taking any chances!
Client Portfolio and Partnerships
With over 25 financial institutions and corporate clients under its belt across three continents, Taurus is not just a flash in the pan. Its impressive roster includes big names like Arab Bank Switzerland, Credit Suisse, and Deutsche Bank. Talk about street cred!
The Future of Digital Assets
Taurus is not just resting on its laurels; they have a vision for the future. They firmly believe that the digital asset industry could skyrocket to a value exceeding $10 trillion by digitizing private assets. They’ve already tokenized 15 deals for various issuers, including banks and SMEs. It looks like they’re not just in the game; they’re setting the rules!
Market Resilience Amid Challenges
Even with the ongoing bear market for cryptocurrencies, companies in the digital asset sector seem to be resilient. Just a few weeks ago, Cointelegraph reported that QuickNode, a blockchain development platform, secured $60 million in funding to promote Web3 applications. It seems like where there’s a will (and funding!), there’s a way!
