Taurus Group, a Swiss fintech agency, has taken on Sygnum Financial institution as the newest shopper for its digital asset custody providers.Sygnu
Taurus Group, a Swiss fintech agency, has taken on Sygnum Financial institution as the newest shopper for its digital asset custody providers.
Sygnum, which is one in all two B2B gamers that maintain banking licenses from the Swiss Monetary Market Supervisory Authority (FINMA), will make the most of Taurus’s Shield safe storage infrastructure, in addition to leverage Taurus’ cluster of blockchain nodes, generally known as Taurus Explorer.
Taurus Explorer gives unified APIs and broadcasting algorithms to interface with a number of blockchain networks.
With the transfer, Sygnum joins Taurus’ different notable shoppers together with banking and funding group Vontobel, Arab Financial institution Switzerland, SEBA Financial institution (the opposite B2B establishment to carry a FINMA banking license in Switzerland), and Hypothekarbank Lenzburg.
Following the April 2020 announcement of a €10 million collection A ($11.eight million), Taurus has expanded to turn into a significant digital asset infrastructure supplier for monetary establishments in Europe, the agency stated.
“We launched Taurus Group again in 2018 to reply a rising want for enterprise-grade custody options by monetary trade gamers all for digital property,” stated Taurus co-founder Jean-Philippe Aumasso. “Taurus is now one of many few firms on this planet to grasp the complete know-how stack.”