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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.
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.
STORY CONTINUES BELOW
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.
Ian Allison
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
