Taurus, a Swiss provider of digital asset infrastructure for financial institutions, said it is expanding into the United States with an office in New York.
The move marks its second location in North America and signals a growing institutional appetite for regulated crypto services amid the US policy shift, the company said on Wednesday. It previously opened an office in Vancouver, Canada.
The expansion comes as the GENIUS Act, the Clarity Act, and the SEC’s repeal of Staff Accounting Bulletin (SAB) 121 reshape the US regulatory landscape, creating what industry participants see as the most favorable environment for digital assets in years. Taurus said it hopes the changes will drive new adoption among banks and corporations looking for a compliant, enterprise-grade digital asset infrastructure.
Founded in 2018 and regulated by Switzerland’s FINMA, Taurus provides custody, tokenization and trading technology to leading financial institutions including State Street (STT), Deutsche Bank (DB), Santander (SAN) and CACEIS. The company’s infrastructure supports more than 35 blockchain networks.
To lead its U.S. operations, Taurus has named Zack Bender as head of its U.S. business.
Bender, based in New York, previously held positions at Fiserv and Swift.
“The GENIUS and Clarity laws, along with the repeal of SAB 121, pave the way for financial institutions and large corporations to scale digital asset activities,” Bender said in the statement. “We expect significant adoption in the coming quarters.”
Taurus raised $65 million in a February 2023 Series B funding round led by Arab Bank Switzerland, UBS and Pictet, aiming to accelerate its international expansion and product development.
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