Taurus Secures Cyprus License to Expand Into EU Tokenized Securities Market

Crypto custody firm Taurus is stepping up its push into the European Union's tokenized securities market.

Taurus received a MiFID II investment services license from the Cyprus Securities and Exchange Commission on May 6, CoinDesk reported. MiFID II is the EU's core investment services framework governing stocks, bonds and derivatives.

The license allows Taurus to provide investment services related to tokenized financial products to EU banks and asset managers. It can also offer secondary trading services for tokenized bonds, fund shares, equities and structured products.

Taurus already works with Deutsche Bank, ClearBank and KBC. The company is also pursuing a license under the EU's Markets in Crypto-Assets regulation, or MiCA.

"All brokers in Europe hold MiFID authorization," Taurus Managing Partner Sébastien Dessimoz said. Banks and financial institutions can now verify that Taurus complies with all regulations, he added.