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Taurus announces Sygnum as a new client for digital asset custody

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November 6, 2020: Geneva, Switzerland: Taurus Group SA (“Taurus“) is pleased to announce Sygnum Bank as a new client. Sygnum has successfully deployed in production Taurus-ProtectTM, the digital asset custody solution for financial institutions developed by Taurus.

Taurus is pleased to announce that digital asset bank Sygnum has selected Taurus-ProtectTM as a secure storage solution to complement its existing offering. Taurus’ infrastructure has been deployed within Sygnum’s environment and is now in production. In addition, Sygnum leverages Taurus’ blockchain node infrastructure Taurus-ExplorerTM, which provides unified APIs and reliable broadcasting algorithms to interface securely with multiple blockchain networks.

Technology and Product leadership
Taurus has developed one of the most advanced digital asset infrastructure in the market with the richest breadth of functionalities, designed to integrate easily with any type of core banking/booking systems. Depending on their core business, roadmap, and risk appetite, Taurus’ clients are able to seamlessly (i) manage crypto-assets incl. staking, (ii) digitalize and tokenize end-to-end any type of assets on any standard, and (iii) process digital currencies of their choice. All within the same and unified platform allowing clients to unlock complementary business cases at a fraction of the cost of integrating siloed, mono-standard applications.

Market leadership
With this new client success, which represents the second Swiss digital asset bank entrusting Taurus, Taurus further consolidates its leadership position in Switzerland as it is expanding internationally. In less than two years, Taurus has become one of the major players offering digital asset infrastructure for financial institutions in Europe. It is now entrusted by a wide spectrum of regulated institutions, including systemic banks, investment banks, private banks, online banks, retail and Cantonal banks, the two Swiss digital asset banks, as well as financial market infrastructure providers.