Taurus SA, a digital asset technology provider, has signed a global partnership agreement with Deutsche Bank (NYSE: DB), one of the world’s major financial services providers.
As part of the collaboration, Deutsche Bank will integrate Taurus’ market-leading technology to establish digital asset custody and tokenization services.
Taurus co-founder Lamine Brahimi said:
“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 says it “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.”
Paul Maley, Global Head of Securities Services, said:
“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.”
Earlier this year, Deutsche Bank also participated in Taurus’ $65 million Series B funding round alongside Credit Suisse, Pictet Group, and Arab Bank Switzerland.
As covered, Deutsche Bank says it “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.
As noted in the update, 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 firm focused on “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”
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.”