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 An unconfirmed report suggests Taurus will provide crypto custodial services to Spanish fin-serv giant Banco Santander.
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<div class="cointelegraph">
 Spanish fin-serv giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH).
 On Nov. 20, Santander Private Banking International’s Swiss private banking unit rolled out a new Bitcoin and Ether trading service for clients with Swiss accounts. A Santander spokesperson told Cointelegraph that clients will get access to <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> investment services only after requesting it through relationship managers.
 A CoinDesk report citing ‘a person familiar with the arrangement’ stated that the bank has appointed <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> custody firm Taurus for the safekeeping of the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> assets. Cointelegraph reached out for confirmation from Santander, which declined to comment, saying:
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 “Unfortunately, it’s a no comment. We don’t comment on providers or possible providers.”
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 On Sept 14, Taurus partnered with German banking giant Deutsche Bank to provide <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency custody options to its customers.
 Taurus did not immediately respond to Cointelegraph’s request for comment.
 Related: JPMorgan, Apollo plan for enterprise mainnet, execs reveal
 While some banks tap into existing players for custodial needs, DZ Bank, the third largest bank in Germany by asset size, launched its own digital assets custody platform built on the blockchain.
 Holger Meffert, head of securities services and digital custody at DZ, expressed the bank’s interest in distributed ledger technology (DLT). The bank also hopes to offer institutional investors and private customers the facility to buy <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies, “such as Bitcoin,” in the future.
 Magazine: Real AI use cases in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>, No. 2: AIs can run DAOs
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/santander-appoints-crypto-custodian-taurus-to-safeguard-bitcoin-ether-report-tbt72050.html">https://thebittimes.com/santander-appoints-crypto-custodian-taurus-to-safeguard-bitcoin-ether-report-tbt72050.html</a>

Santander appoints crypto custodian Taurus to safeguard Bitcoin, Ether: Report

TheBitTimes

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