Market News

EU Crypto Custodian Taurus Secures MiFID License to Expand Services

Cryptocurrency custody firm Taurus has made a significant leap into the European capital markets by acquiring a MiFID II investment license in Cyprus.

This license, granted by the Cyprus Securities and Exchange Commission (CySEC), allows Taurus to provide regulated investment services for tokenized financial instruments.

Taurus aims to serve banks and asset managers throughout the European Union (EU), facilitating secondary trading of tokenized bonds, equities, and structured products.

The co-founder of Taurus, Sébastien Dessimoz, emphasized that the MiFID licensing reassures banks looking to engage with fully regulated entities within Europe.

With this license, Taurus bridges its innovative crypto infrastructure with the established regulatory framework required by traditional financial institutions.

The firm has built partnerships with notable financial entities such as Deutsche Bank and Santander, enhancing its credibility in the market.

Additionally, Taurus holds a license from the Swiss regulator FINMA and is in the process of securing an EU Markets in Crypto Assets (MiCA) license.

This positions Taurus to offer a comprehensive range of investment services, including those pertaining to distributed ledger technology (DLT) financial instruments.

As institutional interest in crypto continues to grow, this MiFID II license strengthens Taurus’s role as a key player in the evolving landscape of digital assets in Europe.

Other firms, such as OKX and Kraken, are also navigating the MiFID regulatory waters, showcasing an increasing trend of compliance among crypto service providers.