Santander Partners with Taurus for Secure Crypto Custody Services đ¨
Santander Private Bank has taken a significant step into the cryptocurrency space by offering bitcoin and ether trading to its clients with Swiss accounts. The move signals a strategic embrace of digital assets within the traditional banking sector. To bolster the security and effective management of these digital holdings, Santander has chosen Taurus, a #cryptocurrency safekeeping technology firm, to implement a self-custody model. This decision aligns with the broader trend of financial institutions recognizing the need for reliable custodial services as they integrate cryptocurrencies into their service offerings.
Taurus, based in Geneva, has established itself as a key player in custody technology for cryptocurrencies and tokenized assets. The firm's partnership with Deutsche Bank, announced in September, further underscores its prominence in the industry. Deutsche Bank's investment in Taurus, part of a $65 million Series B round, reflects the growing interest and support from traditional financial institutions for companies operating in the crypto custody space. Notably, this funding round was led by Credit Suisse and included participation from Arab #Bank #Switzerland and Pictet Group.
Santander's collaboration with Taurus follows a broader trend of major financial institutions acknowledging the importance of cryptocurrency services. With the live availability of bitcoin and ether trading, Santander Private Bank's move exemplifies a proactive approach in meeting the evolving demands of its clientele and staying competitive in the rapidly changing financial landscape.
#BinanceTournament #BTC $BTC $ETH $BNB
