Deutsche Bank has partnered with Swiss crypto infrastructure firm Taurus to offer cryptocurrency and digital asset services to its institutional clients. This move follows Deutsche Bank’s previous efforts to enter the crypto sector, including applying for regulatory approval to operate a digital asset custody service. The bank had also participated in a funding round for Taurus earlier this year.
Taurus, founded in 2018, provides digital asset infrastructure services for issuing, custody, and trading various digital assets, including cryptocurrencies, tokenized assets, NFTs, and digital currencies. Deutsche Bank plans to integrate Taurus’ technology to establish digital asset custody and tokenization services for its clients.
The partnership highlights the growing interest among traditional financial institutions in offering cryptocurrency and digital asset services to meet the evolving needs of their clients and adapt to the changing financial landscape.
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