Credit Suisse Series B Led by Credit Suisse: Digital Asset Provider Raised $65M
The funds will be used to expand Taurus offices in Europe, the UAE and later in the Americas, and Southeast Asia. News Collect this piece of history. Credit Suisse has led a Series B capital raising that raised $65 million for NFTTaurus, a provider of digital asset infrastructure for financial institutions in Europe. Investis, Pictet Group and Cedar Mundi Ventures were also part of the funding round. The announcement states that Taurus will use the funds to expand its growth strategy. This includes recruiting top engineering talent to continue its platform development, expanding its sales and customer support organization to enhance its infrastructure solutions with new office locations in Europe, the UAE, and later, in the Americas and Southeast Asia. Last but not least, maintaining strict security, risk and compliance requirements across all product lines, processes and organizations across eight countries and three continents. Taurus’s clients include financial institutions like CACEIS, Credit Suisse and Deutsche Bank. Taurus has played a key role in the tokenization of 15 deals with a variety of issuers including banks, asset managers, and startups based in Switzerland or the European Union. Taurus was also recently selected by a publicly traded insurance company to tokenize real estate. Despite being in a bearish market, digital asset firms continue to raise capital to innovate and develop within the ecosystem. Cointelegraph reported on Jan 24 that QuickNode, a blockchain development platform, closed a $60m funding round. This was part of a global expansion to add more users and developers to Web3 apps. QuickNode’s Series B raise was led by 10T Holdings Venture Capital, with participation from Tiger Global and Seven Seven Six. It was valued at $800 million.