Crypto custodian Taurus moves straight into EU capital markets with MiFID license in Cyprus
The license allows the firm to offer tokenized financial instruments to EU banks as well as secondary trading for tokenized bonds, fund shares, equities, and structured products.
What to know:
- Taurus has been granted a MiFID II investment license from the Cyprus Securities and Exchange Commission (CySEC).
- The firm also has a licence from Swiss regulator FINMA, and an EU Markets in Crypto Assets (MiCA) application is in the pipeline too.
“Banks like to face fully regulated entities that are similar to the one they used to work with,” Sébastien Dessimoz, co-founder and Managing Partner at Taurus, said in an interview.
“All the brokers in Europe are MiFID licensed firms, and Taurus is a broker also and now a MiFID licensed firm. So those banks and institutions can be sure we are subject to all the necessary guarantees – on top of that we’re onshore in Europe, which is also highly appreciated,” he added.
MiFID II (Markets in Financial Instruments Directive II) is the European Union’s core regulatory framework for investment services, trading venues, and financial assets such as equities, bonds, derivatives, and structured products. It is designed for traditional capital markets, meaning a MiFID license effectively allows firms to operate as regulated investment service providers across the EU.
