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Santander Selects Crypto Custody Firm Taurus for Safeguarding: Source
Santander Private Bank last week said it was offering bitcoin and ether trading for clients with accounts in Switzerland.
Updated Mar 8, 2024, 5:44 p.m. Published Nov 29, 2023, 12:15 p.m.
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Spanish banking giant Santander selected cryptocurrency safekeeping technology firm Taurus to implement a self-custody model for digital assets, according to a person familiar with the arrangement.
Last week, Santander Private Bank was in the news, confirming that trading in bitcoin [BTC] and ether [ETH] was live and available for clients with accounts in Switzerland.
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Geneva-based Taurus, which specializes in custody technology for cryptocurrencies and other tokenized assets, announced a partnership with Deutsche Bank back in September.
Deutsche Bank invested in Taurus in February, part of a $65 million Series B round led by Credit Suisse that also included Arab Bank Switzerland and Pictet Group.
Both Santander and Taurus declined to comment.
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