Taurus, a Swiss crypto infrastructure company, has announced the opening of a new office in New York, marking its second location in North America. This strategic move is aimed at strengthening the company’s commitment to the region’s financial ecosystem, which is experiencing increasing institutional crypto activity. According to Taurus, the new office will enable the company to work directly with American financial institutions, providing them with a range of institutional crypto services.
Expansion into the US Market
The decision to establish a presence in the US was driven by recent regulatory changes, including the passage of the GENIUS and Clarity Acts, as well as the repeal of SAB121. These changes have created a more favorable environment for financial institutions to engage with digital assets, and Taurus is well-positioned to support this growth. As Zack Bender, the newly appointed leader of Taurus’ US operations, noted, “The GENIUS and Clarity laws, along with the repeal of SAB121, pave the way for financial institutions and large corporations to expand their digital asset activities.”
Taurus has been actively analyzing the American regulatory and market landscape since 2020 and has already established relationships with several US banks and market makers. The company’s expansion into the US market is a key part of its global growth strategy, which has seen the opening of 13 offices worldwide, including a recent launch in São Paulo, Brazil.
Partnerships and Growth
Taurus has established partnerships with several major financial institutions, including State Street, Deutsche Bank, Santander, and CACEIS. These partnerships demonstrate the company’s commitment to embedding regulated blockchain services directly into existing securities infrastructure. In 2023, Taurus raised $65 million in a Series B funding round, led by Arab Bank Switzerland, UBS, and Pictet, to fuel its international growth and product development.
The company’s role in Circle’s public testnet Arc, as a digital asset custody provider, is another example of its growing presence in the US market. Taurus is providing secure asset management and tokenization capabilities to the testing environment, which aims to create an internet-based economic operating system. This partnership underscores the company’s focus on emerging market infrastructure and its commitment to supporting the growth of digital assets in the US.
For more information on Taurus’ expansion into the US market, please visit https://crypto.news/taurus-sets-up-new-york-outpost-for-u-s-expansion/
