Swiss Crypto Firm Taurus Expands in Europe with New Offices in UK and France
Swiss-based institutional crypto infrastructure firm Taurus SA is expanding further into Europe, opening two new offices in the UK and France. The UK office will be led by former Bank of America executive Jürgen Hofbauer, while the French office will be headed by SAP veteran Arnaud Fleischer. The move aims to bring Taurus’ services closer to its partners and tap into the growing institutional interest from banking and corporate clients.
New Leadership in the UK and France
Jürgen Hofbauer, who has 15 years of experience in traditional finance and fintech sectors, will lead Taurus’ UK office. He previously held leadership roles at various fintech firms and spent a decade at Bank of America as its EMEA Head of Sales. Arnaud Fleischer, with over 15 years of B2B sales experience, will head the French office. He has held leadership positions at Salsify, Alkemics, and SAP.
Taurus’ Expansion Plans
Taurus plans to expand further across Europe pending regulatory approval. In addition to the new London and Paris offices, the company aims to strengthen its Swiss presence with new premises in Zurich. Taurus currently holds more than 60% market share in Switzerland. In February, it closed a $65 million Series B funding round led by Credit Suisse, with participation from Deutsche Bank, Pictet Group, Cedar Mundi Ventures, and Arab Bank Switzerland.
Partnerships and Services
Last month, Deutsche Bank partnered with Taurus to offer digital asset custody and tokenization services to its clients. Taurus also expanded its digital-asset custody and tokenization services to support private blockchains in addition to public ones.
Hot Take: Taurus Expands to Meet Growing Demand for Crypto Services in Europe
Taurus’ expansion into the UK and France reflects the increasing interest and adoption of digital assets by institutional clients. With experienced leaders heading its new offices, Taurus aims to provide the best platform for clients to embrace digital assets in Europe. The company’s partnerships with major banks like Deutsche Bank and its strong market share in Switzerland position it well for continued growth in the crypto infrastructure space.
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