Digital asset services provider Taurus has announced the opening of its first North American office based in Vancouver, Canada. According to the announcement, this strategic move is part of Taurus’ ongoing international growth and efforts to cement its status as a key technology provider in the digital asset realm, now with a presence across three continents.
Former Procore Technologies Andrew Maledy will lead the new Vancouver office, applying his background in infrastructure management, business technology, and cloud to Taurus’ new foray.
“North America presents a significant opportunity for digital asset innovation, and we are excited to establish our presence in Vancouver to serve our global and North American clients,” Andrew said.
Taurus has been providing infrastructure services in the digital asset sector to traditional finance names such as Deutsche Bank and Santander. The firm already has offices in major financial hubs like Zurich, London, Paris, Frankfurt, and Dubai.
“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,” added Nicolas Bonvin, Taurus CTO.
Taurus’ presence in North America comes at a time when the US Tokenized Treasuries market reaches its all-time high, with over $1.3 billion of real assets tokenized, according to data platform rwa.xyz.
This growth is majorly powered by asset manager BlackRock, which joined the tokenization market two months ago and already surpassed $427 million of US Treasuries tokenized. Furthermore, they dominate this blockchain industry sector with 32.5% market participation.