GENEVA—16.11.23—Taurus SA, a FINMA-regulated Swiss institutional-grade digital asset infrastructure provider, today announces the expansion of its operations with a new office in Dubai, strengthening its technology leadership in the Middle East region and Turkey. Taurus already has several clients and partners in the region.
Managing Director Bashir Kazour leads Taurus’ new UAE office based in the DIFC in Dubai. Kazour brings more than 20 years of retail, capital markets, and technology experience gained at Royal Bank of Canada, Standard Chartered, and FIS, a leading banking and payment technology provider. Over the last decade, he collaborated closely with a diverse clients-base ranging from sovereign wealth funds and central banks to brokers and family offices.
“I am excited to lead Taurus' efforts and build a winning franchise in the Middle East, a region known for its rapid adoption of blockchain technology and digital assets,” said Kazour. “Taurus is well-known for its unique custody and tokenization capabilities serving banking clients and large enterprises, which aligns perfectly with the needs of the region. We’ve already started interacting closely with regulators, central banks, and clients. and I’m looking forward to delivering cutting-edge and compliant solutions to the market.”
Over the past few years, the UAE have progressively clarified their regulatory framework with the establishment of the Virtual Assets Regulatory Authority (VARA) in Dubai and other key initiatives in the area of digital assets and innovations such as ADGM and RAK DAO. Dubai and the DIFC represent a natural first step for Taurus’ expansion in the region.
Today, Taurus has already consolidated its European leadership position as the preferred digital asset infrastructure provider for banks and corporates, building on its Swiss market leadership with more than 60% market share. Among others, Taurus has recently announced a partnership with Deutsche Bank as well as CACEIS, one of the largest global custodians. Taurus also closed its $65 million Series B funding round last February with strategic investors including Arab Bank Switzerland, Credit Suisse, and Pictet.
About Taurus SA
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, including cryptocurrencies, tokenized assets, NFTs, and digital currencies. Taurus is a global leader in 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. Taurus SA is a securities firm supervised and regulated by FINMA. TDX is an organized trading facility operated by Taurus.
About Taurus’ platform and products
Depending on their business model, strategy, and risk tolerance, Taurus' clients can seamlessly manage NFTs, cryptocurrencies, including staking, digitize and tokenize any type of asset on any standard end-to-end, and process digital currencies of their choice. Taurus’ product portfolio is composed of Taurus-PROTECT™, the leading secure storage solution in Europe which is currently used by more than 25 financial institutions and corporations. Taurus-CAPITAL™ allows clients to issue and manage NFTs and tokenized assets on public and private blockchains, as well as interact with any smart contract. The regulated marketplace for digital assets, TDX™, is connected to Taurus-PROTECT™ and Taurus-CAPITAL™. All products leverage Taurus’ blockchain node infrastructure, Taurus-EXPLORER™, which provides a unified API and reliable broadcasting algorithms to interface securely with over 15 blockchain networks. For more information, please visit: https://www.taurushq.com
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