Taurus Secures US $65 Million in Round B Financing Led By Credit Suisse

02/14/2023 07:10 • Daily Digest • 97 views

It is reported that Taurus, a digital asset company, completed a round B financing of US $65 million, led by Credit Suisse, and participated by Arab Bank Switzerland and Investis.

Taurus, a digital asset company, completed a round B financing of US $65 million

Interpretation of the news:

Taurus, a digital asset company, has recently announced the completion of a round B financing worth US $65 million. The financing round was led by Credit Suisse, one of the world’s leading financial institutions that operates across the globe, offering wealth management, investment banking, and asset management services to clients. Other participants in the funding round included Arab Bank Switzerland, a privately owned Swiss bank, and Investis, global providers of digital solutions for business communication, IR, and corporate websites.

The funding round was specifically structured to accelerate Taurus’ ongoing development of digital asset solutions and services that target the growing global market for blockchain-based technology. According to Taurus, the proceeds from the financing round will be used primarily to support the expansion of the company’s digital asset platform, which is designed to help institutional clients effectively manage and store their digital assets.

The demand for digital assets has grown significantly in recent years, and it is expected to continue growing in the coming years, as many industries transition to blockchain-based technology. Institutional investors, in particular, are increasingly investing in digital assets, as they offer unique advantages such as increased efficiency, transparency, and security. Taurus, which was founded in 2018, is well-positioned to capitalize on this growing trend, and the recent funding round will enable the company to take advantage of this opportunity.

The involvement of Credit Suisse in the financing round is particularly noteworthy, given the bank’s reputation as a leading financial institution with a long-standing commitment to innovation and technology. Credit Suisse has been at the forefront of the digital asset space and has been exploring the potential applications of blockchain-based technology for some time now. The bank’s involvement in Taurus’ funding round is a clear indication of the growing interest in digital assets among traditional financial institutions.

In summary, Taurus’ successful completion of the round B financing worth US $65 million is a testament to the growing demand for digital asset solutions and services. The company is well-positioned to capitalize on the growing interest in digital assets among institutional investors, and the recent funding round will enable the company to accelerate the development of its digital asset platform and further expand its reach in the blockchain-based technology market.

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Taurus Secures US $65 Million in Round B Financing Led By Credit Suisse

Taurus, a digital asset company, completed a round B financing of US $65 million

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