Crypto News: Crypto Firm Taurus Establishes New York Office Amid Global Growth
Taurus, a Swiss FINMA-regulated digital asset firm, opens its first U.S. office in New York to support mainstream adoption by large financial institutions.
Taurus, a Switzerland-based fintech firm, is expanding into the United States now. The company announced the opening of its first office in the US, in New York, today. This move follows the successful launch of its first office in North America in Vancouver, Canada, in 2023. Therefore, this milestone greatly furthers Taurus’s dedication to the North American market.
New York Office to Lead Expansion for Digital Asset Infrastructure
The FINMA-regulated firm provides an institutional-grade digital assets infrastructure actively. Furthermore, Taurus provides for major global banks such as Deutsche Bank, Santander and State Street on a regular basis. The expansion is to help successful greater integration of the worldwide and U.S. financial systems. With that being said, this is preparing the move of digital assets towards mainstream adoption in general. Hence, the New York office is an important strategic location.
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Specifically, Taurus’s US operations will be headed by Zack Bender directly. He will be housed in the new New York office immediately. Mr. Bender has more than 10 years of experience in the global institutional and start-up sector. In addition, his skills in technological expertise, capital markets, and selling are executed effectively. He used to develop such knowledge at Tier-1 firms such as Swift, Fiserv on a regular basis.
The regulatory environment is generating strong tailwinds at this time. Mr. Bender said that the repeal of SAB121 and the new acts are making way for growth. As a result, financial institutions and large corporates can now scale the digital asset activities to a large extent. Taurus expects to see a lot of adoption in the next quarters. Therefore, the firm is keen on supporting the clients with the advanced infrastructure actively.
In fact, Taurus is actively monitoring the U.S. market since 2020. The company already serves a number of American banks and market makers successfully. Under the new US administration, Taurus is gaining good legs. This new political environment puts the U.S. in a position to emerge as a global digital asset hub in general. Thus, the time is ripe for expansion.
Taurus Bolsters Commitment with Institutional Partnerships and Funding
Lamine Brahimi, Co-founder and Managing Partner at Taurus, commented on the expansion directl.y He said setting up an office in the United States was always a strategic priority. Now that the regulatory environment fully allows for digital asset services, the time is right. Consequently, the message in the announcement is that of commitment to serving sophisticated financial institutions directly. This helps in the effective support of local clients for global clients.
Taurus has made its name as a trusted infrastructure provider in the world. Major institutions are actively maintained strategic partnerships by the firm. These partners, in addition to the other parties, are CACEIS, Pictet, and UBS/Credit Suisse, among others, regularly. Furthermore, in February 2023, Taurus has closed a $65 million Series B round of funding. This funding was spearheaded by big-name investors such as Arab Bank Switzerland and Investis directly.
The new office in New York puts a huge focus on the need for local support. This strategic move makes it easier to trust and collaborate actively. Taurus wants to fit its solutions into the US financial stack seamlessly. Therefore, the firm is making sure that its infrastructure has the highest institutional standards. This commitment is the key to mass adoption as a whole.
Ultimately, the U.S. expansion of Taurus is a key event at this time. It confirms the ongoing trend of digital assets moving into the financial mainstream on an active basis. The firm is now well-positioned to take advantage of major regulatory changes. As a result, Taurus seeks to link the global and U.S. financial systems in an efficient way. This cements its leadership in the digital asset technology.
The post Crypto News: Crypto Firm Taurus Establishes New York Office Amid Global Growth appeared first on Live Bitcoin News.
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