Taurus, a Swiss provider of digital asset infrastructure for financial institutions, has announced its expansion into the U.S. with a new office in New York.
This marks its second location in North America and reflects a rising institutional interest in regulated cryptocurrency services as U.S. policy evolves, the company stated on Wednesday. Taurus had previously opened an office in Vancouver, Canada.
The expansion coincides with changes like the GENIUS Act, the Clarity Act, and the repeal of SEC Staff Accounting Bulletin (SAB) 121, which are reshaping the U.S. regulatory environment and creating what many in the industry view as a promising climate for digital assets in years. Taurus anticipates these changes will encourage more banks and corporations to seek compliant, enterprise-grade digital asset infrastructure.
Zack Bender has been appointed as the head of U.S. operations to lead Taurus’s efforts in this market.
Bender, who is based in New York, previously worked at Fiserv and Swift.
“The GENIUS and Clarity Acts, along with the repeal of SAB 121, set the stage for financial institutions and large corporations to scale their digital asset activities,” Bender stated in the release. “We anticipate significant adoption in the upcoming quarters.”
Taurus secured $65 million in a Series B funding round in February 2023, led by Arab Bank Switzerland, UBS, and Pictet, to expedite its international expansion and product development.
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