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

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.

Interpretation of this information:

Taurus, a Switzerland-based blockchain startup, has reached a milestone after completing a round B financing worth $65 million. The funding rounds were led by Credit Suisse, one of the biggest financial institutions in the world, along with participation from Arab Bank Switzerland and Investis, a Swiss-based investment management company. With the fresh capital, Taurus aims to create a digital future, allowing individuals and organizations alike to leverage the power of blockchain technology.

The blockchain industry is growing, and Taurus’s latest funding rounds reveal that investors are expecting more significant developments in the technology, especially in the fintech market, with cryptocurrencies gaining popularity. Taurus offers a flexible infrastructure that allows financial institutions to make use of cryptocurrencies and other digital assets while still being compliant with regulatory standards. The company offers a range of services, including digital assets signing, management of digital assets and automated operations, and the building and hosting of decentralized applications.

Taurus is not the first blockchain startup to attract big names from the traditional financial sector. Major financial institutions have also shown interest in blockchain technology, with Credit Suisse being one of the major players that have invested in the industry. The bank sees the potential of blockchain technology in transforming the financial sector, which is why they have become a major player in blockchain finance.

The partnership with Credit Suisse, along with Arab Bank Switzerland and Investis, presents Taurus with a unique opportunity to expand its reach in the industry. The companies bring experience and industry insights that will be useful for Taurus as it seeks to offer a more flexible and customizable solution for financial institutions. With the funds garnered from the financing round, Taurus will be able to expand its operations, hire more resources, and accelerate innovation in the blockchain sector.

In summary, Taurus, a blockchain startup, has secured $65 million in a round B funding led by Credit Suisse, with participation from Arab Bank Switzerland and Investis. The company offers flexible infrastructure that allows financial institutions to leverage the cryptocurrency and blockchain technology. The partnership is an indicator of the growing interest in blockchain technology among traditional financial institutions. Taurus will use the funds to expand its operations and accelerate innovation in the blockchain sector.