Swiss Crypto Infrastructure Firm Taurus Expands to U.S. With New York Office

Core Insights - Taurus, a Swiss digital asset infrastructure provider, is expanding into the U.S. with a new office in New York, marking its second North American location and reflecting increasing institutional interest in regulated crypto services [1][2] - The expansion aligns with recent regulatory changes in the U.S., including the GENIUS Act, Clarity Act, and the repeal of SEC Staff Accounting Bulletin (SAB) 121, which are seen as creating a favorable environment for digital assets [2][4] - Taurus has appointed Zack Bender as head of U.S. operations, who has a background in financial services with previous roles at Fiserv and Swift [3] Company Overview - Founded in 2018 and regulated by Switzerland's FINMA, Taurus provides custody, tokenization, and trading technology to major financial institutions such as State Street, Deutsche Bank, Santander, and CACEIS [3] - The company's infrastructure supports over 35 blockchain networks, indicating a robust technological foundation for its services [3] Market Outlook - Taurus anticipates significant adoption of digital asset activities among banks and corporates in the coming quarters due to the favorable regulatory changes [4] - The company raised $65 million in a Series B funding round in February 2023, led by Arab Bank Switzerland, UBS, and Pictet, to accelerate its international expansion and product development [4]