Firm Gains License to Offer Tokenized Financial Instruments to EU Banks

According to the new report, Taurus received a MiFID II investment license from the Cyprus Securities and Exchange Commission, enabling regulated EU services for tokenized financial instruments and secondary trading.

Summary

Taurus obtained a MiFID II investment license from the Cyprus Securities and Exchange Commission, allowing the crypto custody firm to provide MiFID-regulated investment services for tokenized financial instruments across the European Union. The authorization also permits secondary trading of tokenized bonds, fund units, stocks, and structured products. The update adds the firm’s identity, the specific regulatory framework, and the issuing authority to the previously reported licensing approval.

Terms & Concepts
  • MiFID II: The European Union’s Markets in Financial Instruments Directive II, a regulatory framework governing investment services and markets across the EU.
  • Tokenized financial instruments: Traditional financial assets represented digitally on blockchain or similar infrastructure, enabling issuance, custody, and trading in token form.
  • Secondary trading: The buying and selling of previously issued instruments between investors rather than directly from the issuer.