Taurus extends its presence into the Middle East

Taurus SA, a digital asset infrastructure provider regulated by FINMA in Switzerland, has announced the expansion of its operations by opening a new office in Dubai. This move aims to reinforce its technology leadership in the Middle East region and Turkey, where Taurus has already established a presence with multiple clients and partners. 

Heading the operations at the new UAE office in the Dubai International Financial Centre (DIFC) is Managing Director Bashir Kazour. With a wealth of experience exceeding 20 years in retail, capital markets, and technology, Mr. Kazour has garnered expertise from notable institutions such as the Royal Bank of Canada, Standard Chartered, and FIS, a leading provider of banking and payment technology. Throughout the past decade, he has collaboratively worked with a diverse client base, including sovereign wealth funds, central banks, brokers, and family offices. 

“I am excited to lead Taurus’ efforts and build a winning franchise in the Middle East, a region known for its rapid adoption of blockchain technology and digital assets,” said Kazour. “Taurus is well-known for its unique custody and tokenization capabilities serving banking clients and large enterprises, which aligns perfectly with the needs of the region. We’ve already started interacting closely with regulators, central banks and clients and I’m looking forward to delivering cutting-edge and compliant solutions to the market.” 

In recent years, the UAE has been actively refining its regulatory framework, evident through the establishment of the Virtual Assets Regulatory Authority (VARA) in Dubai and other noteworthy initiatives like ADGM and RAK DAO in the realm of digital assets and innovations. Taking a strategic move, Taurus has identified Dubai and the Dubai International Financial Centre (DIFC) as the ideal starting point for its expansion into the region. 

Currently, Taurus stands as a dominant force in the European landscape, holding the position of the preferred digital asset infrastructure provider for banks and corporates. The company has solidified its market leadership in Switzerland, boasting a market share exceeding 60%. Notable milestones include recent partnerships with Deutsche Bank and CACEIS, a major global custodian. Taurus further strengthened its position with a successful $65 million Series B funding round in February, securing strategic investments from key players like Arab Bank Switzerland, Credit Suisse, and Pictet. 

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