Swiss Crypto Infrastructure Firm Taurus Expands to U.S. With New York Office

Taurus, the Swiss digital asset infrastructure provider regulated by FINMA since 2018, has opened a New York office and appointed Zack Bender as head of U.S. business, marking the firm's second North American location after Vancouver and positioning it to capitalize on the most crypto-favorable regulatory environment the United States has produced in years.

What Taurus Brings to the U.S. Market

Taurus provides custody, tokenization, and trading infrastructure to financial institutions, supporting more than 35 blockchain networks through a single integrated platform. Its existing client roster includes State Street, Deutsche Bank, Santander, and CACEIS — names that immediately signal the firm operates at the institutional rather than retail end of the market. Zack Bender, the newly appointed U.S. head, brings relevant institutional credentials from prior roles at Fiserv and Swift, the two most embedded names in traditional financial messaging and payments infrastructure.

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" — citing the specific legislative and regulatory changes that have removed the balance-sheet barriers that previously deterred U.S. banks from digital asset engagement.

The timing of the New York launch is deliberate. The GENIUS Act established a federal pathway for payment stablecoin issuance. The Clarity Act brought regulatory clarity to digital asset classification. And the SEC's repeal of Staff Accounting Bulletin 121 removed the requirement for banks to hold offsetting capital against customer crypto assets held in custody — a provision that had made institutional crypto custody economically unworkable for most regulated U.S. financial institutions. Together, these changes have opened a market that Taurus, with its established European client base and multi-chain infrastructure, is well positioned to enter.

European Infrastructure, American Ambition

Taurus raised $65 million in a February 2023 Series B funding round led by Arab Bank Switzerland, UBS, and Pictet, with international expansion explicitly named as a primary use of proceeds. The New York opening follows Vancouver, suggesting a methodical approach to North American market entry rather than a speculative bet on a single jurisdiction.

• 35+ blockchain networks supported through a single institutional platform
• Clients include State Street, Deutsche Bank, Santander, CACEIS
• $65M Series B raised in 2023, led by UBS, Arab Bank Switzerland, and Pictet
• U.S. regulatory catalysts: GENIUS Act, Clarity Act, SAB 121 repeal

For investors tracking the institutional digital asset infrastructure space, Taurus's U.S. expansion is a meaningful signal. European-regulated infrastructure providers with proven large-bank client relationships are uniquely positioned to win mandates from U.S. institutions seeking custody and tokenization capability that meets their compliance bar. As U.S. banks accelerate their digital asset programs under the new regulatory framework, the race to become the default infrastructure provider for institutional America is now genuinely competitive — and Taurus is entering from a position of strength.