3 min read

Strategic collaboration between Banque Delubac & Cie and Taurus in the area of digital assets

Strategic collaboration between Banque Delubac & Cie and Taurus in the area of digital assets

Geneva, April 2022: Banque Delubac & Cie, founded in 1924, is collaborating with Taurus to launch its digital asset offering. The Bank uses Taurus-PROTECT and Taurus-EXPLORER solutions for the secure custody of digital assets and connectivity to around ten blockchains, as well as T-DX.com, the first regulated marketplace for tokenised assets. It is the first bank in France to obtain a DASP registration and thus offer digital assets to its customers.

Taurus, the leader in Europe for digital asset infrastructure for banks and regulated players, is delighted to announce Banque Delubac & Cie as a client in France. This new collaboration, and first ever in France, confirms significant demand from banks domiciled in the European Union and Taurus' leadership position among regulated and sophisticated market players in Europe.

Premiere in France, first Bank to register as Digital Asset Service Provider

The regulatory framework in France was gradually adjusted starting from 2019 through the PACTE law and the creation of a status of Digital Asset Service Provider (“DASP”) allowing institutions to provide digital assets custody and brokerage activities with the minimum compliance and security standards required by the regulator.

Following its registration as a DASP with the AMF (Financial Markets Authority) and the ACPR (Prudential Control and Resolution Authority) in France, Banque Delubac & Cie becomes the first French bank ever to obtain this status and provide services of digital assets in France. This development represents an important signal in the French and the European union banking sector.

Industrial collaboration

In concrete terms, the Bank and Taurus have collaborated to offer custody and brokerage of digital assets to the Bank's institutional and private clients.

  • Taurus-PROTECT is used for the custody of digital assets such as cryptocurrencies, tokenized securities as well as NFTs;
  • Taurus-EXPLORER is used for the connectivity of >10 blockchain protocols;
  • T-DX is used as a regulated marketplace to access liquidity for tokenised assets;

Further collaborations will be announced in due course.

About Taurus SA

Taurus SA was founded in April 2018 in Geneva, Switzerland, specializing in digital assets and blockchain. Taurus was founded by senior executives with a background in banking, regulatory, IT and cyber security. Taurus offers enterprise-grade financial market infrastructure solutions for digital assets as well as other financial services to its clients. It is a leader in Europe and Switzerland. Taurus solutions are in production and entrusted with the full spectrum of banks: systemic banks, investment banks, private banks, retail/digital banks, crypto-banks, trading venues.

About Taurus’ Platform and Products

Depending on their business model, strategy and risk tolerance, Taurus’ banking clients are able to seamlessly manage crypto assets, including staking, to digitalize and tokenize any type of asset on any standard end-to-end, and to process digital currencies of their choice. Taurus’ product portfolio is composed of Taurus-Protect, the leading secure storage solution in Europe which is currently used by more than 15 financial institutions. Taurus-Capital allows banks and issuers to tokenize and manage a wide range of digital assets as well as interact with any type of Ethereum smart contract. The regulated marketplace for digital assets TDX, is connected to Taurus-Protect and Taurus-Capital.  All products leverage Taurus’ blockchain node infrastructure Taurus-Explorer which provides a unified API and reliable broadcasting algorithms to interface securely with over ten blockchain networks.

For further information on Taurus: please visit www.taurushq.com.

For further information on TDX: please visit www.t-dx.com

About Delubac & Cie

Created in 1924, Banque Delubac & Cie is an independent financial institution offering specialised banking and financial services. With over 300 employees, it is present in France on 12 sites, including the historic head office located in Ardèche. Banque Delubac & Cie has been constantly reinventing itself for nearly a century. Bold in its development strategies, it has chosen to focus on niche activities with high added value. This strategic positioning has enabled it from the outset to stand out from generalist banks. Its motto, “Expertise and Independence”, illustrates its DNA: independence, specialised activities and bespoke services.

More information on :

Website: https://www.delubac.com/  

Linkedin : https://www.linkedin.com/company/delubac/

Press relations: Relationspresse@delubac.fr