German financial giant Deutsche Bank has announced a global partnership with Swiss startup Taurus to provide digital asset custody and tokenization services for its clients. The bank, which has total assets of over $1.4 trillion, will use Taurus’ technology to manage cryptocurrencies, tokenized assets, and digital currencies. Taurus co-founder Lamine Brahimi said the partnership is the result of a thorough and detailed selection and due diligence process. The collaboration follows Deutsche Bank’s participation in Taurus’ $65 million Series B funding round in February. The main aim of the fundraiser is to expand its operations across Europe and the United Arab Emirates (UAE) and later focus on the Americas and South-East Asia. Deutsche Bank has been seeking to launch digital asset custody since late 2020 and applied with the German financial regulatory authority, the Federal Financial Supervisory Authority (BaFin), to set up its “digital assets and custody business” in June.

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Information	Details
Geography	Europe
Countries	🇩🇪 🇨🇭 🇦🇪
Sentiment	positive
Relevance Score	10
People	Federal Financial Supervisory Authority (BaFin), Lamine Brahimi
Companies	Arab Bank Switzerland, Deutsche Bank, Credit Suisse, Taurus, Federal Financial Supervisory Authority (BaFin), Pictet Group
Currencies	None
Securities	None