Lombard Odier invests in blockchain specialist
Geneva-headquartered group Lombard Odier has invested in Swiss fintech Taurus, a blockchain specialist firm providing digital infrastructure for banks, asset managers and stock exchanges. Financial details of the transaction were not disclosed.
Lombard Odier will partner with Taurus as it seeks to keep integrating new technologies in its in-house technology in the the field of blockchain and digital assets. The group's roots with blockchain date back to 2017 when Lombard Odier Investment Management completed its first catastrophe bond transaction relying on blockchain.
Lombard Odier had total client assets of CHF 299bn (€282.8bn) as at 31 December 2019.