The funding round also saw participation from several other institutional investors, including Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.
Taurus, a digital asset infrastructure provider for financial institutions in Europe, has raised $65 million in a Series B capital raise led by Credit Suisse.
Taurus has established partnerships with over 25 financial institutions and corporate clients across eight countries and three continents. Taurus's clients include financial institutions such as Arab Bank Switzerland, CACEIS, Credit Suisse, Deutsche Bank, Pictet, Swissquote, and Vontobel. Taurus said it sees enormous potential for the digital asset industry to reach a value of more than USD 10 trillion by digitizing private assets. The company has already played a role in tokenizing 15 deals with a range of issuers, including banks, asset managers, small and medium-sized enterprises , and startups based in Switzerland and the European Union. Additionally, Taurus was recently chosen by a publicly-traded insurance company to tokenize real assets.
Despite being in a bear market, digital asset companies continue to raise capital to develop and innovate within the ecosystem.QuickNode closed a $60 million funding round as part of a global expansion intended to onboard more users and developers to Web3 applications. The Series B raise, which valued QuickNode at $800 million, was led by venture capital firm 10T Holdings, with participation from Tiger Global, Seven Seven Six, and QED.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Digital Asset Infrastructure Provider Taurus Raises $65M From Credit Suisse, Deutsche Bank.taurus_hq, a digital asset infrastructure provider, has raised $65 million in Series B funding led by CreditSuisse with participation from DeutscheBank. By JamieCrawleyCD
Read more »
Digital Asset Platform Bakkt to Discontinue Consumer App After Two Years.Bakkt plans to discontinue its consumer-facing app to shift its focus toward its B2B tech services. By JamieCrawleyCD
Read more »
Credit Suisse leads $65 million Series B in digital asset firm TaurusTaurus SA, a Switzerland-based digital asset infrastructure company focused on servicing financial institutions in Europe, raised $65 million in a Series B funding round.
Read more »
Galaxy Digital gets approval for Bahamas subsidiary amid rising US regulatory uncertaintyGalaxy Bahamas received approval from the Securities Commission of The Bahamas in December for registration as a digital asset business under the Digital Assets and Registered Exchanges Act, 2020.
Read more »
Shiba Inu (SHIB) Extremely Unprofitable, On-Chain Data Shows, Here's What It Means for Asset$SHIB profitability drop might severely affect the token's performance in the future, here's how
Read more »
DBS Bank to offer cryptocurrency trading in Hong Kong“We are planning to apply for a license in Hong Kong so that the bank could sell digital assets to our Hong Kong customers,” DBS Bank Hong Kong CEO said.
Read more »