Taurus announces Sygnum as a new client for digital asset custody

Geneva, Switzerland: Taurus is pleased to announce that digital asset bank Sygnum has selected Taurus-PROTECT as a secure storage solution to complement its existing offering. Taurus’ infrastructure has been deployed within Sygnum’s environment and is now in production. In addition, Sygnum leverages Taurus’ blockchain node infrastructure Taurus-EXPLORER, which provides unified APIs and reliable broadcasting algorithms to interface securely with multiple blockchain networks.

Technology and Product leadership

Taurus has developed one of the most advanced digital asset infrastructure in the market with the richest breadth of functionalities, designed to integrate easily with any type of core banking/booking systems. Depending on their core business, roadmap, and risk appetite, Taurus’ clients are able to seamlessly:

(i) manage crypto-assets incl. staking

(ii) digitalize and tokenize end-to-end any type of assets on any standard

(iii) process digital currencies of their choice.

All within the same and unified platform allowing clients to unlock complementary business cases at a fraction of the cost of integrating siloed, mono-standard applications.

Market leadership

With this new client success, which represents the second Swiss digital asset bank entrusting Taurus, Taurus further consolidates its leadership position in Switzerland as it is expanding internationally. In less than two years, Taurus has become one of the major players offering digital asset infrastructure for financial institutions in Europe. It is now entrusted by a wide spectrum of regulated institutions, including systemic banks, investment banks, private banks, online banks, retail and Cantonal banks, the two Swiss digital asset banks, as well as financial market infrastructure providers.

About TAURUS-PROTECT

Taurus-PROTECT is a cold, warm, and hot storage solution that uses FIPS 140-2 level 3 certified hardware security modules (HSMs), some of the most secure hardware in the world. It can be deployed on-premise, in a managed service, or hosted manner. It has been developed internally by Taurus and is the leading solution in Switzerland. ELCA, the leading independent Swiss IT company, acted as Taurus’ integration partner.

About Taurus SA

Taurus SA was incorporated in April 2018 in Geneva, specialising in digital assets and blockchain. It was founded by senior executives with a background in banking, asset management, regulatory, and cybersecurity. Taurus offers enterprise-grade market infrastructure solutions for digital assets as well as other financial services to institutional clients.

For more information, please visit: https://www.taurushq.com/

Media relations:

• Barbara Mahe - barbara.mahe@consultancy32.com (+41 78 683 89 38)
• Coraline Bardinat - coraline.bardinat@consultancy32.com (+33 6 81 91 38 01)