Taurus Brings Tokenization to Solana for Banks
Taurus, a firm specializing in digital asset infrastructure, has rolled out a sophisticated custody and tokenization platform called Taurus-Capital, integrated with the Solana blockchain.
Backed by Deutsche Bank, Taurus aims to provide financial institutions worldwide with solutions for tokenizing assets.
This new integration enables banks and asset issuers to securely store and stake Solana-based tokenized assets through the Taurus-Protect platform, while also issuing programmable assets on Taurus-Capital. The firm highlights the efficiency gains for clients, made possible by Solana’s high throughput and low latency, which streamline financial processes and payment automation.
Jürgen Hofbauer, Taurus’ head of global strategic partnerships, explained that the move was in response to growing institutional demand for tokenization solutions of real-world assets (RWAs). The platform supports a broad range of tokenized assets, including equity, debt, structured products, and digital currencies, helping clients reduce costs and complexity.
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Taurus, which raised $65 million in a Series B funding round in February 2023, views the potential of the digital asset industry reaching over $10 trillion through private asset digitization. This expansion is facilitated by the Swiss Distributed Ledger Technology (DLT) Act of 2021, which created a regulatory framework allowing banks to offer tokenization services with clear guidelines.
The firm also sees increasing interest from banks, particularly in the Middle East, as they seek to enhance their digital asset services. As traditional finance increasingly converges with digital assets, institutions are turning to Solana for stablecoin and tokenized asset solutions.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
