AMINA Bank and Taurus: Building a Global, Scalable Infrastructure for Digital Asset Services
Executive summary
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AMINA Bank selected Taurus in 2019 as its hot storage technology partner for regulated crypto custody operations.
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As AMINA scaled to become a Swiss FINMA-regulated crypto bank with global reach, its hot storage infrastructure requirements evolved to support multiple entities and regulatory frameworks.
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In 2024, AMINA chose Taurus again, renewing the partnership and upgrading to Taurus-PROTECT v4 to support global scale.
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The teams designed and deployed a hybrid custody model, enabling AMINA to keep full control of HSMs and keys while Taurus handled updates and monitoring.
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The migration was completed in just four weeks, enabling AMINA to adopt a more efficient and compliant infrastructure without disruption.
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Today, AMINA uses Taurus to launch services faster, maintain consistent governance, and support regulatory requirements across multiple jurisdictions.
AMINA Bank first partnered with Taurus in 2019 while building one of Switzerland’s first FINMA-regulated crypto banking platforms. The bank required secure, institutional-grade custody infrastructure that could meet Swiss banking standards and scale with AMINA’s growth trajectory. AMINA chose Taurus because the platform offered the right mix of security, compliance, and operational governance required.
As AMINA expanded into new markets, its broader footprint created opportunities to scale services and streamline operations across regions. To support this next phase, the bank adopted a custody model built for multi-jurisdiction oversight. This strategic step naturally led to renewing and strengthening its partnership with Taurus.
The challenge: Scaling globally while meeting regulatory and operational requirements
By 2024, AMINA Bank was scaling rapidly to serve clients across more than 40 countries. The bank’s growing global client base, which spans professional investors, family offices, and institutional investors, created expectations for operational speed, product breadth, and infrastructure resilience.
The bank identified several key priorities:
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A more efficient operating model: Maintain a managed services approach for hot storage that could deliver operational efficiency while maintaining the bank’s stringent control requirements.
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Faster deployment capabilities: Client demand for staking services, structured products, and emerging digital assets required infrastructure that could support rapid product launches without compromising banking standards.
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Clear control over client assets: AMINA wanted managed services to reduce operational burden without giving up ownership of HSMs or cryptographic keys.
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Consistent compliance across regions: Infrastructure needed to satisfy Swiss FINMA’s stringent prudential standards while serving clients across 40+ countries with diverse asset custody needs.
AMINA needed a platform that could carry the bank into its next phase. It also wanted a partner it already trusted. This made renewing the partnership with Taurus a natural decision.
Why Taurus
As AMINA’s technology partner since 2019, Taurus had a deep understanding of the bank’s regulatory environment and operational priorities. The renewed multi-year agreement centered on upgrading to Taurus-PROTECT v4, with three key components:
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Hybrid deployment: AMINA retained full internal control of its Hardware Security Modules (HSMs).
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Managed services: Taurus assumed responsibility for software upgrades, infrastructure monitoring, and platform management.
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Rapid deployment: The migration to Taurus-PROTECT v4 was completed in just four weeks, ensuring minimal disruption and faster time to value.
How the teams worked together
The success of the renewed partnership came from clear collaboration and transparent execution.
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Joint planning: AMINA and Taurus reviewed regulatory expectations and designed an architecture that could support the bank’s global footprint.
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Structured migration: The process was transparent, predictable, and closely coordinated. This ensured the transition to Taurus-PROTECT v4 was smooth.
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Ongoing collaboration: Taurus now handles platform operations, updates, and monitoring. AMINA uses the stability of the platform to build new products and serve clients across markets.
This working model supports both day-to-day operations and long-term strategic planning.
The outcome: A platform ready for global service delivery
With the upgraded custody infrastructure in place, AMINA is now better equipped to deliver regulated digital asset services in multiple jurisdictions. The benefits are clear.
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More efficient operations: Taurus manages the technical platform, which reduces maintenance effort for AMINA’s internal teams.
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Improved speed: The bank can introduce new services more quickly. This has supported launches in the EU under MiCA.
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Consistent controls across regions: The custody setup aligns with requirements in Switzerland, the UAE, and the EU.
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A stable foundation for growth: AMINA can now scale its services with confidence, supported by a platform designed for institutional use.
Together, AMINA and Taurus created an infrastructure model that supports the bank’s global strategy while ensuring strong security and operational discipline.
Myles Harrison, Chief Product Officer, AMINA Bank, said: "Taurus-PROTECT v4's managed services approach gave AMINA the operational efficiency we needed while maintaining full control over custody operations, which is an extremely important requirement for a regulated bank. The infrastructure supported AMINA's expansions, demonstrating that the partnership delivers both security and agility at institutional scale."
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