Credit Suisse is entering into a strategic partnership with Taurus, the leading digital asset infrastructure provider for financial institutions in Europe.
Credit Suisse today announced a strategic partnership in the area of digital assets. The bank is participating as lead investor in the Series B funding round of Taurus, a FINMA-regulated digital assets infrastructure provider that focuses on tokenized securities. This partnership deepens an already existing collaboration, focusing on jointly developing use cases, as well as applying distributed ledger technology and smart contracts.
André Helfenstein, CEO Credit Suisse (Switzerland) Ltd., comments: “The strategic partnership with Taurus is a cornerstone of the Swiss Bank division’s digital assets strategy with the ambition to become the leading Swiss bank in that space. We continue to embrace new and innovative technologies, and expect to soon launch several digital asset services for clients on both the issuing and the investment side.”
Lamine Brahimi, co-founder and Managing Partner of Taurus, adds: “We are proud to welcome such high-profile investors as Credit Suisse and benefit from their expertise to further develop one of the richest platforms in the industry, covering any type of digital asset, way beyond cryptocurrencies.”
The partnership announced today is a key step for Credit Suisse to further participate in the emerging digital assets ecosystem, acquire technical capabilities, and co-develop and exploit market opportunities arising from the strategic application of distributed ledger technology across businesses. Taurus is the ideal partner in this endeavor due to its industry-leading, fully integrated end-to-end solution, its versatile technology stack, and the supportive Swiss legal and regulatory framework that enables the company to remain at the forefront of innovation.
For Credit Suisse clients with an affinity to digital assets, this partnership will open up exciting opportunities across the life cycle, potentially including solutions that go beyond traditional banking services. By partnering with interested clients and other players across industries, as well as with regulatory bodies and national banks, Credit Suisse strives to significantly develop the Swiss digital asset market.
Source: Company Press Release