Crypto custodian Taurus moves straight into EU capital markets with MiFID license in Cyprus
Swiss crypto custodian Taurus has secured a Markets in Financial Instruments Directive (MiFID) license from Cyprus Securities and Exchange Commission, marking a significant expansion into European Union capital markets. The license enables Taurus to provide investment services and activities across all 27 EU member states through passporting rights, effectively broadening its regulatory footprint beyond traditional custody services.
Taurus, founded in 2018, has established itself as a prominent digital asset infrastructure provider, offering custody, tokenization, and trading solutions primarily to institutional clients. The company has previously operated under Swiss financial regulations and has built partnerships with traditional financial institutions seeking crypto exposure. Cyprus has emerged as an attractive jurisdiction for crypto firms seeking EU market access, with its regulatory framework providing a gateway to the broader European financial ecosystem.
The MiFID authorization represents a strategic shift for crypto custodians moving beyond pure storage services into comprehensive financial market operations. This development could accelerate institutional adoption of digital assets within the EU, as regulated entities gain access to compliant crypto investment services. The move also reflects the growing convergence between traditional financial services and digital asset infrastructure.
Industry observers will monitor whether other major crypto custodians follow Taurus's path into EU capital markets, potentially intensifying competition in the regulated digital asset services sector across Europe.
Source: CoinDesk
