Capital Union Bank selects Taurus to enhance its digital asset offering
Geneva, Nassau, January 11 2023: Capital Union Bank Ltd., headquartered in the Bahamas, selects Taurus to enhance its digital asset offering. The bank has integrated Taurus-PROTECT for the secure custody of digital assets and Taurus-EXPLORER for the connectivity to multiple blockchains.
Taurus is pleased to announce that Capital Union Bank, an independent private banking institution headquartered in the Bahamas, has selected Taurus as strategic partner for its digital asset offering. Taurus and Capital Union Bank’s collaboration is already in production and covers the custody of digital assets for the bank's private, professional and institutional clients. More specifically, the Bank has integrated (i) Taurus-PROTECT, the leading digital asset custody platform for banks, and (ii) Taurus-EXPLORER for the connectivity to >15 blockchain protocols.
Strategic collaboration live. Expanding regional footprint in the Americas
Recent history has shown that counterparty risk is the key risk to mitigate, therefore having full control of private keys is an important foundation for banks implementing a robust digital asset strategy. By using Taurus’ technology, Capital Union Bank fully controls its private keys and will be able to rely on one of the most secure digital asset custody platforms in the industry. The Bank intends to further expand the collaboration to tokenized assets and other blockchain based technologies soon to be adopted within the traditional Banking and Investment Management industries.
Patrick Zbinden, CEO of Capital Union Bank said: We believe that the evolution of digital assets as an investable asset class is predicated on banks acting as trusted custodians for such assets, by holding client keys on their behalf and integrating digital assets within the same account structure as traditional financial instruments. The deep integration of Taurus solutions into our core banking software architecture will allow us to do that and to embrace future blockchain based technological innovation”.
Lamine Brahimi, co-founder and managing partner, Taurus said: "Capital Union Bank’s executives have a visionary digital asset strategy with several innovative projects that will go live soon. We are delighted to support the Bank in accelerating its digital asset strategy in a secure and regulatory-compliant manner and look forward to partnering with Capital Union Bank to launch new services that are unique in the industry."
About Capital Union Bank
Capital Union Bank Ltd. ("CUB") is an independent private banking institution, incorporated and headquartered in the Commonwealth of The Bahamas. CUB was founded in in 2013 by a group of renowned financiers and entrepreneurs who have dedicated their careers to providing first-class, innovative solutions to the wealth management industry. The bank offers a comprehensive range of private banking and wealth management services tailored to its clients’ needs. Consistent with its entrepreneurial and forward-thinking spirit - CUB was one of the first private banks to offer wealth management services for Digital Assets. For more information, visit www.capitalunionbank.com
About Taurus
Taurus SA is a technology company, founded in April 2018, that provides enterprise-grade digital asset infrastructure to issue, custody and trade any digital assets: cryptocurrencies incl. staking, tokenized assets and digital currencies. With more than 60% market share in Switzerland, it is also the European leader in the banking segment, entrusted by the full spectrum of financial institutions: systemic banks, universal banks, online banks, crypto-banks, private banks, and broker-dealers. Taurus also runs a regulated marketplace for private assets and tokenized securities. For further information on Taurus: please visit https://www.taurushq.com
