Credit Suisse is the lead investor in a Series B funding round for Geneva-based fintech Taurus, deepening an already existing relationship.
To help with its ambition to further expand into digital assets, Credit Suisse has entered into a strategic partnership with Taurus, a Geneva-based digital asset infrastructure provider, Credit Suisse announced Tuesday.
The firms have already been collaborating, and the partnership deepens that, with Credit Suisse participating as the lead investor in a Series B funding round for Taurus.
According to «The Block», $65 million was raised with Deutsche Bank, Pictet, and Lebanese Cedar Mundi Ventures also participating as new investors. Existing investors Arab Bank Switzerland and Swiss real-estate group Investis also joined the new round.
Largest Shareholders
«We are proud to welcome such high-profile investors as Credit Suisse and benefit from their expertise to further develop one of the richest platforms in the industry, covering any type of digital asset, way beyond cryptocurrencies,» said Lamine Brahimi, co-founder and managing partner of Taurus.
Brahimi, along with co-founders Sebastien Dessimoz, Oren-Olivier Puder, and Jean-Philippe Aumasson are still the largest shareholders after the new cash was raised.
Digital Asset Leader
Credit Suisse Switzerland CEO André Helfenstein said «the strategic partnership with Taurus is a cornerstone of the Swiss Bank division's digital assets strategy with the goal of becoming the leading Swiss bank in this area.»
Through the partnership, Credit Suisse wants to cater to clients with an affinity for digital assets that go beyond traditional banking services by developing the Swiss digial asset market.
