Taurus Expands to the United States
Taurus, a Swiss digital asset infrastructure provider, has opened its first U.S. office in New York, marking a strategic entry into the American market. This move follows recent favorable regulatory changes, including the GENIUS and Clarity Acts.
The firm has appointed Zack Bender as the Head of U.S. Business. Previously with Fiserv and SWIFT, Bender's experience aligns with Taurus' aim to expand its services to U.S. financial institutions. Zack Bender stated, "The GENIUS and Clarity Acts, together with the repeal of SAB 121, pave the way for financial institutions and large corporates to scale digital asset activities. We expect significant adoption in the coming quarters, and I’m excited to support clients with one of the most advanced infrastructures in the world while building Taurus’ presence in the U.S. market."
The opening of the New York office by Taurus is expected to have immediate effects on the digital asset landscape in the U.S.
This expansion aims to provide enhanced infrastructure support to financial institutions.
Economically, the move reflects a growing interest in digital assets among institutions. Politically, the regulatory updates alleviate previous barriers, promoting a welcoming environment for digital asset activities.
Infrastructure and Market Impact
In the context of market dynamics, Taurus' infrastructure supports over 35 blockchain networks, emphasizing ETH, BTC, and other altcoins. This infrastructure advancement could see increased institutional participation in the cryptocurrency space.
Expected outcomes include increased adoption of digital assets, impacting tokens like Bitcoin and Ethereum. Backed by major banks, Taurus is strategically positioned to capitalize on technological and regulatory shifts to boost its U.S. footprint.