Digital asset firm Taurus SA is expanding into Germany. The firm is regulated in Switzerland by FINMA and provides an infrastructure to issue, custody, and trade any digital assets, including cryptocurrencies, tokenized assets, NFTs, and digital currencies. Taurus also operates a marketplace for private assets and tokenized securities.
Taurus, which is partnering with Deutsche Bank on digital asset custody, has set up an office in Frankfurt, Germany. This follows the recent acceleration by German regulator Bafin to offer crypto licenses and to allow firms to custody digital assets. The regulation of digital assets in Germany is buttressed by the eWPG “Electronic Securities Act,” which is expected to boost the tokenization of securities as well as a crypto registrar providing a framework for digital assets custody services.
Andreas Beller has been appointed to lead the charge in Germany. He previously was an executive at both Commerzbank and Deutsche Bank. Beller commented on his new position, stating that digital assets are gaining traction in Europe, and Germany is leading the way.
“We’re tremendously excited by the prospect of working with forward-thinking financial institutions and corporations to bring new services to market enabled by Taurus custody and tokenization technology.”
Taurus claims to be the European leader in providing digital asset infrastructure, leveraging its Swiss market experience that boasts more than 60% market share.
Taurus also has new offices in London, Paris, and Dubai.