The move comes amidst the growing interest in digital assets across North America, with financial institutions increasingly seeking to launch crypto services. Taurus, known for providing crypto infrastructure services to clients like Deutsche Bank and Santander, aims to cater to this demand in the region.

The opening of the Vancouver office represents Taurus' continued international growth strategy, following recent expansions into key financial hubs such as London, Paris, Frankfurt, and Dubai in late 2023. With this move, Taurus now boasts a total of eight offices across three continents, solidifying its position as a prominent player in the digital asset space.

Heading the new Vancouver office is Andrew Maledy, bringing with him a wealth of experience in infrastructure management, business technology, and cloud computing from his tenure at companies like Procore Technologies. Maledy's expertise in engineering management and agile methodologies positions him well to lead Taurus' efforts in North America.

Commenting on the expansion, Maledy expressed optimism about the opportunities presented by North America for digital asset innovation. He emphasized Taurus' commitment to delivering market-leading solutions powered by its custody and tokenization technology.

Nicolas Bonvin, Taurus CTO, echoed Maledy's sentiments, stating, "We are very pleased to welcome Andrew to lead our Vancouver office and look forward to collaborating with regional partners and clients to deliver market-leading solutions powered by Taurus' custody and tokenization technology."

In addition to its expansion into North America, Deutsche Bank, one of Taurus' key clients, recently announced its participation in the Monetary Authority of Singapore's (MAS) Project Guardian on asset tokenization. Launched in 2022, Project Guardian aims to drive collaboration between MAS and financial market players, focusing on asset tokenization in wholesale funding markets and decentralized finance (DeFi) applications.

As part of the collaboration, Deutsche Bank will evaluate an open architecture and interoperable blockchain platform for managing tokenized and digital funds. The bank will also contribute to the development of protocol standards and identify optimal approaches to support industry progress in the realm of asset tokenization.

With Taurus' expansion into North America and Deutsche Bank's involvement in MAS's Project Guardian, the stage is set for further innovation and growth in the digital asset space.