Sygnum, which is one of two B2B players that hold banking licenses from the Swiss Financial Market Supervisory Authority (FINMA), will utilize Taurusâ€™s Protect secure storage infrastructure, as well as leverage Taurusâ€™ cluster of blockchain nodes, known as Taurus Explorer.
Taurus Explorer provides unified APIs and broadcasting algorithms to interface with multiple blockchain networks.
With the move, Sygnum joins Taurusâ€™ other notable clients including banking and investment group Vontobel, Arab Bank Switzerland, SEBA Bank (the other B2B institution to hold a FINMA banking license in Switzerland), and Hypothekarbank Lenzburg.
Following the April 2020 announcement of a â‚¬10 million series A ($11.8 million), Taurus has expanded to become a major digital asset infrastructure provider for financial institutions in Europe, the firm said.
It offers a range of digital asset solutions including custody, brokerage, tokenization, asset management and B2B banking.
â€œWe launched Taurus Group back in 2018 to answer a growing need for enterprise-grade custody solutions by financial industry players interested in digital assets,â€ said Taurus co-founder Jean-Philippe Aumasso. â€œTaurus is now one of the few companies in the world to master the full technology stack.â€