Swiss crypto infrastructure company Taurus opens New York office to expand its US business

On October 29, according to CoinDesk, Swiss crypto infrastructure provider Taurus announced the opening of an office in New York, officially entering the US market. This is the company's second office in North America, following Vancouver, Canada. Taurus has appointed Zack Bender as Head of US Operations; he previously worked at Fiserv and Swift. The company stated that with the GENIUS Act, the Clarity Act, and the repeal of SEC accounting bulletin SAB 121, the US regulatory environment is becoming more favorable for the development of digital assets, which is expected to drive banks and enterprises to adopt compliant, enterprise-grade digital asset infrastructure. As an institution regulated by the Swiss Financial Market Supervisory Authority (FINMA), Taurus provides custody, tokenization, and trading technology to major financial institutions including State Street, Deutsche Bank, and Santander Bank. Its infrastructure supports more than 35 blockchain networks. In February 2023, Taurus raised $65 million in a Series B round led by Arab Bank Switzerland, UBS Group, and Pictet Bank, to drive its international expansion and product development.