Taurus, a provider of digital asset infrastructure services, raised 65 million yuan in series B product financing led by Credit Suisse and participated by Deutsche Bank.

The company, based in Geneva, Germany, Switzerland, plans to use the money to recruit new employees abroad and Dubai and then expand, according to a statement on Tuesday. Taurus rejects the valuation given to the company.

Taurus shows that it works strategically with more than 25 banks, including Credit Suisse and Deutsche Bank, as well as Germany's Swiss Bank of Saudi Arabia or Pictet Group, which has also joined the financing round. Taurus gives escrow, identification, and payment of digital assets, including applicable chips and decentralized finance (Defi).

The fundraising is a reminder that assets are still flowing into digital assets from key financial companies, even after the collapse of the password market last year and the bankruptcy of password lenders Celsius Network and Voyager Digital and their password trading centre FTX. Although the key cryptographic area will face an uncertain future, it seems that there are still levels of investment in many projects that attract popular finance in order to give infrastructure construction companies a wider digital asset ecosystem.