Credit Suisse has expanded its partnership with digital asset infrastructure provider Taurus, serving as lead investor in its Series B funding round.
The companies will collaborate on distributed ledger technology (DLT) and smart contract applications, with Credit Suisse aiming to strengthen its position in the digital asset ecosystem.
Taurus offers an integrated end-to-end solution around tokenised securities, and will allow Credit Suisse’s clients to access non-traditional solutions outside of banking services.
André Helfenstein, CEO of Credit Suisse in Switzerland, says: "The strategic partnership with Taurus is a cornerstone of [the company’s] digital assets strategy, with the ambition to become the leading Swiss bank in that space. We continue to embrace new and innovative technologies, and expect to soon launch several digital asset services for clients on both the issuing and the investment side."
Lamine Brahimi, co-founder and managing partner at Taurus, comments: "We are proud to welcome Credit Suisse and benefit from its expertise to further develop one of the richest platforms in the industry, covering any type of digital asset, way beyond cryptocurrencies."
