September 23, 2023 11:39 pm

Deutsche Bank enlists Taurus for worldwide crypto custody solutions.

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Deutsche Bank has announced a partnership with cryptocurrency infrastructure platform Taurus to provide customers with cryptocurrency custody options. This move comes after Deutsche Bank made a strategic investment in Taurus during a $65 million series B fundraising round in February 2023.

Taurus offers enterprise-grade infrastructure for issuing, managing custody, and trading cryptocurrencies, tokenized assets, non-fungible tokens (NFTs), and other digital assets. Before deciding to use Taurus’ infrastructure services, Deutsche Bank conducted a thorough due diligence process that began in late 2021 and concluded in 2022. Lamine Brahimiaurus, co-founder of Taurus, confirmed that they won the deal several quarters ago.

Deutsche Bank has been actively exploring the cryptocurrency space for the past three years, with plans to offer cryptocurrency custody and trading services to its clients. In June 2023, the bank applied for a digital asset custody license from Germany’s financial regulator, BaFin, as part of its ongoing efforts to grant customers access to cryptocurrency markets and assets.

The partnership between Deutsche Bank and Taurus has a global scope, with Taurus providing custody and tokenization technology in compliance with local regulatory requirements. Paul Maley, the head of global securities services at Deutsche Bank, announced the partnership and highlighted the expected growth of the cryptocurrency space. He emphasized that it is likely to become a priority for investors and institutions, with assets potentially reaching trillions of dollars.

In addition to the partnership with Taurus, Deutsche Bank’s asset management arm, DWS Group, has been exploring investments in the German cryptocurrency market. In February 2023, discussions were held to potentially invest in Deutsche Digital Assets, a crypto exchange-traded product provider, and Tradias, a market maker platform.

Deutsche Bank’s Singapore branch, along with Memento Blockchain, recently completed a proof-of-concept called Project DAMA (Digital Assets Management Access). This project enables the management of digital funds in tokenized securities, further showcasing Deutsche Bank’s commitment to exploring the potential of blockchain technology.

Founded in Switzerland in 2018, Taurus raised $65 million in its series B round, led by Credit Suisse. Other notable investors included Deutsche Bank, Arab Bank Switzerland, and others from the traditional finance sector. Taurus has expressed its goal to serve “tier 1” banks in Europe.

According to Brahimiaurus, Taurus already serves nearly 30 banks, with deals that extend beyond cryptocurrencies. The platform also includes the tokenization of equity, debt, and other financial products.

Through its partnership with Taurus, Deutsche Bank aims to provide its customers with secure and reliable cryptocurrency custody options. This strategic move aligns with the bank’s long-term plans to deepen its involvement in the cryptocurrency market and offer comprehensive services to its clients.

In preserving this significant development, the article can be collected as a non-fungible token (NFT). This initiative supports independent journalism in the crypto space, allowing readers to own a unique piece of history.

Source link

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: Deutsche Bank enlists Taurus for worldwide crypto custody solutions.

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Related News

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY