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Deutsche Bank infrastructure provider Taurus expands into North America

The expansion could help strengthen Taurus’ position in the global market and give customers in North America access to cutting-edge solutions.

Date: 2024-05-22 Author: gabriel
Deutsche Bank infrastructure provider Taurus expands into North America

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

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

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Taurus opens new office in Canada

The expansion to Vancouver is part of Taurus’ continued international growth following the recent opening of offices in London, Paris, Frankfurt and Dubai in late 2023. The move has strengthened Taurus’ presence in the digital asset space, now with eight offices on three continents.

Andrew Maledy will head up the new Vancouver office, bringing experience in infrastructure management, business technologies and cloud computing gained from working at companies such as Procore Technologies.

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

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

“We are delighted to have Andrew heading up our Vancouver office and look forward to working with our regional partners and customers to deliver market-leading solutions based on Taurus’ storage and tokenization technology,” said Nicolas Bonvin, Taurus chief technology officer.

Deutsche Bank joins Project Guardian MAS

Deutsche Bank recently announced that it will join the Monetary Authority of Singapore ‘s (MAS) Project Guardian for asset tokenization.

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

As part of the collaboration, Deutsche Bank will evaluate an open architecture and interoperable blockchain platform for tokenized and digital fund management. In addition, the bank will propose protocol standards and determine the optimal approach to support the industry’s progress.

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Łukasz Michałek
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