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Taurus-PROTECT in production with Seba Bank AG

Taurus-PROTECT in production with Seba Bank AG
Geneva – Zurich: Taurus SA (Taurus) is pleased to announce that Taurus-PROTECT, its leading digital asset custody solution for banks, asset managers, and exchanges, is successfully deployed within SEBA Bank AG (SEBA), one of the first two financial services providers in the world to obtain a banking licence from a reputed regulatory authority such as FINMA. This collaboration highlights Taurus commitment to building the best infrastructure in the market.

SEBA Bank AG based in Zug and Taurus entered a strategic partnership with long-term goals in 2018 and have been collaborating since then to integrate Taurus-PROTECT within SEBA’s secure hot storage custody infrastructure for digital assets. Taurus-PROTECT has been successfully deployed and is currently in production in SEBA’s environment.

Through this first phase of collaboration, SEBA has complemented its digital asset custody infrastructure with Taurus’ solution in hot storage mode. This provides high flexibility and efficiency when interacting with clients, while maintaining high levels of security. In addition, SEBA leverages Taurus’ blockchain node infrastructure to interface and communicate with multiple blockchain networks.

Guido Buehler, CEO of SEBA Bank AG: “We are very excited to introduce the next level of custody storage in terms of reliability and security. With Taurus, we have found a partner for our hot storage solution that shares our ambitions to deliver best-in-class services and that meets our demanding technological requirements.”

Lamine Brahimi, co-founder and Managing Partner of Taurus SA: “Our companies share similar convictions that digital assets and traditional financial assets will further converge only by upholding to the highest institutional standards and embracing regulation. Through this partnership, both companies are building the technology and infrastructure necessary to support the rapid and safe development of the digital asset industry in Switzerland, which we believe has a unique opportunity to become a world leader in the area."

About Taurus-PROTECT

Taurus-PROTECT is an on-premise cold, warm, and hot storage solution that uses FIPS 140-2 level 3 certified hardware security modules (HSMs), some of the most secure hardware in the world. It has been developed internally by Taurus and is the leading solution in Switzerland. Elca, the leading independent Swiss IT company, acted as Taurus’ integration partner.

About Taurus SA

Taurus SA was founded in April 2018 in Geneva, specialising in digital assets and blockchain. It was founded by senior executives with a background in banking, asset management, regulatory, and cybersecurity. Taurus offers enterprise-grade market infrastructure solutions for digital assets as well as other financial services to institutional clients.

For more information, please visit: https://www.taurushq.com

Media relations:

- media@taurusgroup.ch
- M. Christophe Lamps, Senior Partner Dynamics Group, cla@dynamicsgroup.ch (+41 79 476 26 87)

About SEBA

Founded in April 2018 and headquartered in Zug, SEBA is a pioneer in the financial industry, building a progressive technological bridge between the digital and traditional asset worlds. In August 2019, SEBA received a Swiss banking and securities dealer licence – the first time, a reputed regulatory authority such as FINMA grants a licence to a financial services provider with main focus on digital assets and crypto. The wide and vertically integrated spectrum of services, as well as the high security standards make SEBA’s business approach unique. SEBA wants to enable clients to invest, safely keep, trade and borrow against traditional and digital assets, as well as issue tokens, in one place.

For more information, please visit: https://www.seba.swiss