Deutsche Bank Infra Provider Taurus Expands to North America

Hongji Feng

Last updated:

May 22, 2024 02:16 EDT | 1 min read

The crypto technology provider Taurus announces the opening of its Vancouver office, marking tis expansion into the North American market.

According to a press release shared with Cryptonews.com, the new office will cater to the growing interest in North America as financial institutions aim to launch more crypto services. Taurus provides crypto infrastructure services to clients including Deutsche Bank and Santander.

We’re thrilled to open our first North American office in Vancouver, Canada!

This new office will meet the rising demand for digital asset custody and tokenization services in North America, especially from regulated financial institutions. 🌎 pic.twitter.com/Y3HGh3pE0u

— Taurus (@taurus_hq) May 21, 2024

Taurus Opens New Office in Canada

This expansion to Vancouver is part of Taurus’ ongoing international growth, following recent office openings in London, Paris, Frankfurt, and Dubai in late 2023. This move strengthened Taurus’ presence in the digital asset space, now with eight offices across three continents.

Andrew Maledy will head the new Vancouver office, bringing experience in infrastructure management, business technology, and cloud computing from his work at companies like Procore Technologies.

The release indicated that Maledy’s expertise includes engineering management, agile methodologies, and cloud computing.

“North America presents a significant opportunity for digital asset innovation, and we are excited to establish our presence in Vancouver to serve our global and North American clients,” said Maledy.

“We are very pleased to welcome Andrew to lead our Vancouver office and look forward to collaborating with regional partners and clients to deliver market-leading solutions powered by Taurus’ custody and tokenization technology,” stated Taurus CTO Nicolas Bonvin.

Deutsche Bank Joins MAS’s Project Guardian

Deutsche Bank recently announced to join Monetary Authority of Singapore’s (MAS) Project Guardian on asset tokenization.

Launched in 2022, Project Guardian aims to foster collaboration between MAS and key financial market players, focusing on asset tokenization in wholesale funding markets and decentralized finance (DeFi) applications.

Deutsche Bank will uate an open architecture and interoperable blockchain platform for managing tokenized and digital funds as part of the collaboration. Furthermore, the bank will suggest protocol standards and identify the optimal approach to support industry progress.

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