The expansion aligns with increased demand for digital asset custody and tokenization in Germany from financial institutions and corporations, as well as regulatory framework clarification from Bafin, Germany’s financial regulator. This includes the eWPG “Electronic Securities Act”, facilitating tokenized securities adoption and crypto registrar providing a framework for digital assets custody services.

Leading the new office in Frankfurt is Andreas Beller. Beller brings extensive experience in the financial sector gained at Commerzbank and Deutsche Bank. His expertise spans trading, go-to-market strategy, and implementing cutting-edge technology as a white-label solution for financial institutions.

“Digital assets are gaining traction across Europe, and Germany leads the way,” said Beller. “We’re tremendously excited by the prospect of working with forward-thinking financial institutions and corporations to bring new services to market enabled by Taurus custody and tokenization technology”

In September, Bafin announced it would accelerate its approach to licensing crypto custody services to instil confidence in the market. This announcement was swiftly followed by a slew of new licences, including Commerzbank, Germany’s fourth-largest bank and the first full-service financial institution to obtain a licence for crypto custody.

Recently, Taurus announced a partnership with Deutsche Bank, allowing the financial institution to extend custody services to its institutional clients.

Today, Taurus has already consolidated its European leadership position as the preferred digital asset infrastructure provider for banks and corporates, building on its Swiss market leadership with more than 60% market share.

To meet the growing demands of diverse markets, Taurus has recently inaugurated new offices in key financial hubs, including London, Paris, and Dubai, strengthening its presence on an international scale.