Swiss startup Taurus SA, which offers its services to European institutions, has recently raised $65 million in a Series B funding round.
The round has been led by Credit Suisse, the second largest bank in Switzerland by assets. However, other participants in the fundraising include Deutsche Bank, Germany’s largest financial conglomerate, Pictet Group, and Cedar Mundi Ventures, a Lebanese investment company focused on new technologies.
Credit Suisse’s investment portfolio also includes other projects related to the crypto industry: Fnality, AlgoTrader and FundsDLT.
Credit Suisse has added:
“We believe that with the help of distributed ledger technology, it is possible to implement new features in financial products that were impossible or very expensive in the past. When we speak with some of our clients, we see a steady interest in the technology and its capabilities.”
