TechFlow, October 29 — According to CoinDesk, Swiss crypto infrastructure provider Taurus announced the opening of an office in New York, officially entering the U.S. market. This marks the company's second North American office after Vancouver, Canada. Taurus has appointed Zack Bender as Head of U.S. Operations; he previously held positions at Fiserv and Swift.
The company stated that with the repeal of the GENIUS Act, the Clarity Act, and SEC accounting bulletin SAB 121, the U.S. regulatory environment is becoming increasingly favorable for digital assets, which is expected to drive banks and enterprises to adopt compliant enterprise-grade digital asset infrastructure.
Regulated by the Swiss Financial Market Supervisory Authority (FINMA), Taurus provides custody, tokenization, and trading technology to major financial institutions including State Street, Deutsche Bank, and Santander. Its infrastructure supports over 35 blockchain networks.
In February 2023, Taurus secured a $65 million Series B funding round led by Arab Bank Switzerland, UBS Group, and Banque Pictet, aimed at supporting its international expansion and product development.
