Geneva, 29th April 2020: Arab Bank (Switzerland) Ltd. is pleased to announce its strategic investment in the
Series A of Taurus Group.
The bank has been leading the blockchain and digital asset offering in Switzerland. It
launched a full suite of digital asset services, providing advisory, custody and brokerage services for Bitcoin and
Ethereum last September, and plans to add Ripple to its offering next month.
The CHF 8-digit series A was led by Arab Bank Switzerland Ltd., with additional funding from renowned
strategic investors as well as existing, private investors. The co-founders remain majority shareholders.
Arab Bank Switzerland has a longstanding tradition of innovation, both in terms of business models and
financial technology adapting to industry evolutions. The bank was one of the first private banks
to successfully launch commodity trading operations and to offer its clients a competitive FX (foreign
exchange) platform. It was also one of the first banks in Switzerland to enter the digital asset space.
In an increasingly digital world, Arab Bank Switzerland’s first ever investment in a financial technology
company is consistent with its convictions and reinforced by a shared vision with Taurus, namely that the
worlds of traditional assets and digital assets are converging. Although the digital asset industry is still nascent,
both companies see tremendous potential and efficiency gains for issuers, advisors, investors and financial
institutions in digitalizing the financial industry by leveraging blockchain and smart contracts technologies.
Taurus Group is a Swiss fintech launched in 2018 by executives with a background in banking, asset
management, regulatory, and cybersecurity. It is aiming to build one of the most robust and regulatory
compliant digital asset infrastructures in the world. Its infrastructure is end-to-end and covers issuance,
custody, and transfer of digital assets and its client base is composed of institutional players such as leading
investment banks, private banks, commercial banks, crypto banks, technology companies and exchanges in
Europe.
Serge Robin, CEO of Arab Bank (Switzerland), explains: “The financial industry of tomorrow will leverage the
blockchain technology both via traditional asset tokenization and digital assets. We are excited to invest in the
leading Swiss fintech offering an outstanding digital asset infrastructure, thus contributing to a much needed
evolution of our industry.”
Sebastien Dessimoz, co-Founder of Taurus Group, adds: “We are looking forward to scaling up our product
and engineering teams and to opening new markets. Taurus is already well established in Switzerland and we
have seen a growing demand from other European countries, including France, the United Kingdom and the
DACH region.”
A propos de Arab Bank Switzerland Arab Bank (Switzerland) Ltd. was launched in Zug in 1962 to create a bridge between the Middle East and theWestern World. The bank has become a trusted partner for high net worth individuals, including businessleaders and family entrepreneurs in the MENA region for more than 50 years. It is the sister company of ArabBank Plc, one of the biggest banks in the Middle East.