Santander Chooses Taurus for Crypto Custody: A Secure Move

Jonathan Stoker Nov 29, 2023, 14:20pm 190 views

Santander Chooses Taurus for Crypto Custody: A Secure Move

Santander Chooses Taurus for Digital Asset Self-Custody Model

Global financial leader Santander has chosen cryptocurrency safekeeping technology firm Taurus to design and implement a self-custody model for their digital assets. This confidential information was shared by a source close to the developments.

Santander Private Bank's Recent Crypto Moves

Just last week, news surfaced that Santander Private Bank has started trading in bitcoin (BTC) and ether (ETH). The services have been made live and are available to clients having accounts in Switzerland.

About Taurus

Based in Geneva, Taurus is noted for its specialization in custody technology for cryptocurrencies and other tokenized assets. Its impressive clientele includes Deutsche Bank, with whom they formed a partnership in September.

Taurus and Deutsche Bank Partnership

In February, Deutsche Bank invested in Taurus as part of a $65 million Series B funding round. This round saw participation from other notable entities such as Credit Suisse, Arab Bank Switzerland, and Pictet Group.

Both Santander and Taurus have chosen not to give any official statement on the matter.

Edited by Jonathan Stoker

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