Geneva, September 14, 2023
- Deutsche Bank has entered a global agreement with Taurus, a leading provider of digital asset infrastructure.
- Deutsche Bank will leverage Taurus custody and tokenization technology to manage cryptocurrencies, tokenized assets, and digital currencies.
Geneva—September 14, 2023—Taurus SA, a major digital asset technology provider, has signed a global partnership agreement with Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB), one of the world’s leading financial services providers. As part of the collaboration, Deutsche Bank will integrate Taurus’ market-leading technology to establish digital asset custody and tokenization services.
“This partnership is the result of a thorough and detailed selection and due diligence process where Taurus was able to demonstrate the quality and breadth of its products and technology,” said Taurus co-founder Lamine Brahimi. “We are pleased to implement this global partnership with Deutsche Bank and look forward to supporting the bank in launching digital assets and DLT-based products and services across several booking centers.”
Founded in 2018, Taurus provides enterprise-grade digital asset infrastructure to issue, custody, and trade digital assets, such as cryptocurrencies, tokenized assets, NFTs, and digital currencies. As such, this partnership is a natural extension of recent Deutsche Bank’s digital asset focused initiatives.
“As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one of the priorities for investors and corporations alike. As such, custodians must start adapting to support their clients,” said Paul Maley, Global Head of Securities Services. “This is why we are excited to partner with Taurus, a leading digital asset infrastructure provider with a proven track record and extensive expertise in the crypto and tokenization space.”
Earlier this year, Deutsche Bank also participated in Taurus’ $65 million Series B funding round alongside Credit Suisse, Pictet Group, and Arab Bank Switzerland.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
About Taurus SA
Taurus SA is a Swiss FinTech, founded in April 2018, that provides enterprise-grade digital asset infrastructure to issue, custody, and trade any digital assets: cryptocurrencies, tokenized assets, NFTs, and digital currencies. Taurus is a global leader in the banking segment, entrusted by the full spectrum of financial institutions: systemic banks, universal banks, online banks, crypto-banks, private banks, and broker-dealers. Taurus also operates a marketplace for private assets and tokenized securities. For further information on Taurus, please visit www.taurushq.com
About Taurus’ Platform and Products
Depending on their business model, strategy, and risk tolerance, Taurus’ clients are able to seamlessly manage NFTs, cryptocurrencies, including staking, to digitize and tokenize any type of asset on any standard end-to-end, and to process digital currencies of their choice. Taurus’ product portfolio is composed of Taurus-ProtectTM, the leading secure storage solution in Europe which is currently used by more than 25 financial institutions and corporations. Taurus-CapitalTM allows to issue and manage NFTs and tokenized assets on public and private blockchains as well as interact with any smart contract. The regulated marketplace for digital assets TDXTM is connected to Taurus-ProtectTM and Taurus-CapitalTM. All products leverage Taurus’ blockchain node infrastructure Taurus-ExplorerTM which provides a unified API and reliable broadcasting algorithms to interface securely with over seventeen blockchain networks.
For more information, please visit www.taurushq.com