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Taurus Expands into North American Market
The crypto technology provider Taurus has announced the opening of its Vancouver office, marking its expansion into the North American market. This move is in response to the growing interest in North America as financial institutions aim to launch more crypto services.
New Office in Vancouver
Taurus, known for providing crypto infrastructure services to clients like Deutsche Bank and Santander, is excited about the prospects in North America. The new office in Vancouver will cater to the rising demand for digital asset custody and tokenization services in the region, especially from regulated financial institutions.
The expansion to Vancouver is part of Taurus’ ongoing international growth strategy, following recent office openings in London, Paris, Frankfurt, and Dubai in late 2023. With eight offices across three continents, Taurus is strengthening its presence in the digital asset space.
Leadership and Expertise
Andrew Maledy, with a background in infrastructure management, business technology, and cloud computing from companies like Procore Technologies, will lead the new Vancouver office. His expertise in engineering management, agile methodologies, and cloud computing will be instrumental in driving Taurus’ operations in North America.
“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.
Taurus CTO Nicolas Bonvin expressed his enthusiasm about the new office, stating, “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.”
Deutsche Bank Joins MAS’s Project Guardian
In other news, Deutsche Bank has announced its participation in the 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 be evaluating an open architecture and interoperable blockchain platform for managing tokenized and digital funds as part of the collaboration. Additionally, the bank will suggest protocol standards and identify the optimal approach to support industry progress.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
