Taurus, a Swiss provider of digital asset infrastructure for financial institutions, said it is expanding into the U.S. with an office in New York.
The move marks its second North American location and signals growing institutional appetite for regulated crypto services amid shifting U.S. policy, the company said Wednesday. It previously opened an office in Vancouver, Canada.
The expansion comes as the GENIUS Act, Clarity Act, and the repeal of SEC Staff Accounting Bulletin (SAB) 121 reshape the U.S. regulatory landscape, creating what industry participants see as the most favorable environment for digital assets in years. Taurus said it expects the changes to drive new adoption among banks and corporates seeking compliant, enterprise-grade digital asset infrastructure.
Founded in 2018 and regulated by Switzerland’s FINMA, Taurus provides custody, tokenization, and trading technology to major financial institutions including State Street (STT), Deutsche Bank (DB), Santander (SAN) and CACEIS. The firm’s infrastructure supports more than 35 blockchain networks.
To lead its U.S. operations, Taurus has appointed Zack Bender as head of U.S. business.
Bender, based in New York, previously held roles at Fiserv and Swift.
“The GENIUS and Clarity Acts, together with the repeal of SAB 121, pave the way for financial institutions and large corporates to scale digital asset activities,” Bender said in the release. “We expect significant adoption in the coming quarters.”
Taurus raised $65 million in a February 2023 Series B funding round led by Arab Bank Switzerland, UBS and Pictet, aimed at accelerating its international expansion and product development.
Read more: Crypto Custodian Taurus Enlists Lido to Bring Liquid Ethereum Staking to Swiss Banks