Swiss Crypto Firm Taurus Expands Presence in Europe with New Offices in UK and France
Taurus SA, a Swiss institutional crypto infrastructure firm, has announced the opening of two new offices in the United Kingdom and France. The company has appointed former Bank of America executive Jรผrgen Hofbauer and SAP veteran Arnaud Fleischer to lead these offices. The move aims to bring Taurus’ services closer to its partners in Europe and capitalize on the growing institutional interest from banking and corporate clients.
Jรผrgen Hofbauer, with over 15 years of experience in the traditional finance and fintech sectors, will head Taurus’ UK office and strategic partnerships globally. Arnaud Fleischer, who has over 15 years of B2B sales experience, will be responsible for Taurus’ expansion in Europe.
Taurus Plans Further Expansion Across Europe
Taurus has plans for further expansion across Europe, pending regulatory approval. The company intends to establish a stronger presence in Switzerland by opening new premises in Zurich. Taurus currently holds a market share of over 60% in Switzerland and recently raised $65 million in a Series B funding round led by Credit Suisse. Deutsche Bank has partnered with Taurus to offer digital asset custody and tokenization services to its clients.
Institutional Demand for Crypto on the Rise
The renewed institutional demand for cryptocurrencies is evident with the applications for spot Bitcoin ETFs by BlackRock, Valkyrie, Fidelity Investments, and others. However, these ETFs have yet to be approved by the Securities and Exchange Commission (SEC) due to concerns about market manipulation.
Meanwhile, Europe’s Markets in Crypto Asset (MiCA) regulation has been praised for providing clarity and reshaping rules for institutional investors. Despite regulatory hurdles in many jurisdictions, top institutions are showing a heightened interest in crypto.
Hot Take: Taurus Expands to Meet Growing Institutional Interest
Taurus SA, a Swiss crypto infrastructure firm, is expanding its presence in Europe with new offices in the UK and France. The move aims to bring Taurus’ services closer to its partners and cater to the increasing institutional interest in cryptocurrencies from banking and corporate clients. With experienced executives leading the new offices, Taurus is well-positioned to drive innovation and expand further across Europe. The company also plans to establish a stronger presence in Switzerland and has secured significant funding from major institutions. As institutional demand for crypto continues to rise, Taurus is poised for further growth and success in the market.
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