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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.

By Ian Allison
AccessTimeIconNov 29, 2023 at 12:15 p.m. UTC
Updated Mar 8, 2024 at 5:44 p.m. UTC
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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.

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    • 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.

    Edited by Sheldon Reback.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Ian Allison
    Ian Allison

    Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.

    Follow @IanAllison123 on Twitter

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