Swiss digital asset company Taurus has recently announced its expansion into the Middle East with a new office based in Dubai. Taurus, known for providing institutional-grade digital asset infrastructure, has chosen the Dubai International Financial Centre (DIFC) as the location for its new office.
Bashir Kazour, a seasoned professional with over two decades of experience in retail, capital markets, and technology, will lead the Dubai office. Kazour has previously worked with Royal Bank of Canada, Standard Chartered, and FIS, a prominent banking and payment technology provider. He has extensive experience collaborating with a diverse range of clients, from sovereign wealth funds and central banks to brokers and family offices.
Kazour expressed his excitement about leading Taurus’ efforts in the Middle East, citing the region’s rapid adoption of blockchain technology and digital assets. He also highlighted Taurus’ unique custody and tokenization capabilities serving banking clients and large enterprises, which aligns with the needs of the UAE region.
Taurus’ decision to expand into Dubai is consistent with the UAE’s recent efforts to develop a more defined regulatory environment for digital assets. The establishment of the Virtual Assets Regulatory Authority (VARA) in Dubai, along with other significant initiatives focusing on digital assets and innovation, has created a conducive environment for Taurus’ expansion.
The expansion into Dubai follows Taurus SA’s establishment in Europe, where it has gained significant market share in the digital asset infrastructure sector, primarily catering to banks and corporates. The company has also formed partnerships with Deutsche Bank and CACEIS, a global custodian, and completed a Series B funding round in February, securing US$65 million with contributions from several investors, including Arab Bank Switzerland, Credit Suisse, and Pictet.
Taurus’ expansion into Dubai represents a strategic move to tap into the growing market for digital asset infrastructure in the Middle East, aligning with the region’s increasing interest and investment in blockchain technology and digital assets.
I have over 10 years of experience in the field of cryptocurrency and blockchain technology. I have attended numerous conferences and events around the world, and my work has been featured in major publications such as CoinDesk, Bitcoin Magazine, and Yahoo Finance.
