A European Nasdaq for digital assets. That is what the founders of Taurus, a Swiss project for a financial marketplace for cryptocurrencies and ICOs (tokens issued during fundraising in cryptocurrencies and traditional currencies, editor’s note) in Geneva, want to create. The newcomer wants to position itself as a competitor to the world leaders in the sector, the Chinese Binance (based in Malta) and the American Coinbase. Geneva has unquestionably become a centre for ICOs and a cryptocurrency trading platform. Several companies there deploy their services for investors in digital currencies and shares. The co-founders of Taurus, which was created after a seven-figure fundraising round and is already generating revenue, say they have been approached by private and institutional investors for a second fundraising round planned in the coming quarters. Its cryptocurrency trading business will be launched this July, on the two best-known electronic currencies: bitcoin and ether. To manage the high risk of this type of investment, the new marketplace says it will be supervised directly by Finma, the Swiss financial market regulator. That is not all, as the company is also developing storage and security solutions for digital assets for its own needs but also for institutional clients. It already counts a Swiss bank among its clients and plans to provide investment solutions in digital assets from next September.
