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Sygnum Bank Now Stores Digital Assets With Taurus Group

Taurus Group, a Swiss fintech company, has actually handled Sygnum Bank as the most recent customer for its digital possession custody services.

Sygnum, which is among 2 B2B gamers that hold banking licenses from the Swiss Financial Market Supervisory Authority (FINMA), will make use of Taurus’s Protect safe storage facilities, along with take advantage of Taurus’ cluster of blockchain nodes, referred to as Taurus Explorer.

Taurus Explorer offers combined APIs and relaying algorithms to user interface with numerous blockchain networks.

With the relocation, Sygnum signs up with Taurus’ other noteworthy customers consisting of banking and financial investment group Vontobel, Arab Bank Switzerland, SEBA Bank (the other B2B organization to hold a FINMA banking license in Switzerland), and Hypothekarbank Lenzburg.

Following the April 2020 statement of a EUR10 million series A ($ 11.8 million), Taurus has actually broadened to end up being a significant digital possession facilities supplier for banks in Europe, the company stated.

“We launched Taurus Group back in 2018 to answer a growing need for enterprise-grade custody solutions by financial industry players interested in digital assets,” stated Taurus co-founder Jean-Philippe Aumasso “Taurus is now one of the few companies in the world to master the full technology stack.”

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