Taurus digital asset custodian to expand in UAE after investments and partnership with Deutsche bank

 

 

As Taurus, digital asset infrastructure provider, offer digital custody and tokenization services, partners with Deutsche Bank, it plans to expand into the UAE among other countries.

Founded in 2018, Taurus offers enterprise-grade digital asset infrastructure for the issuance, safeguarding, and trading of various digital assets, including cryptocurrencies, tokenized assets, NFTs, and digital currencies. The company’s product portfolio includes Taurus-Protect, a secure storage solution used by over 25 financial institutions and corporations in Europe, and Taurus-Capital, which facilitates the issuance and management of NFTs and tokenized assets on public and private blockchains.

Deutsche Bank’s partnership with Taurus builds on the bank’s recent initiatives in the digital asset space. By leveraging Taurus’ technology, the bank aims to meet the evolving needs of its clients in the digital asset ecosystem.

Paul Maley, the global head of securities services at Deutsche Bank, emphasized the significance of adapting to the growing digital asset market. As the digital asset space is expected to encompass trillions of dollars of assets, custodians must provide the necessary support to investors and corporations.

This partnership follows Deutsche Bank’s previous investment in Taurus. The bank participated in Taurus’ $65 million Series B funding round earlier this year, alongside Credit Suisse, Pictet Group, and Arab Bank Switzerland. Taurus plans to utilize the funding to further develop its digital asset platform and expand globally, with new offices in Europe, the UAE, the Americas, and Southeast Asia.