Taurus, the European leader in digital asset infrastructure, announced, on September 19, the expansion of custody and tokenization services aimed at supporting private blockchains, in addition to public ones.
“Taurus SA, a leading Swiss institutional-grade digital asset platform for issuing and managing cryptocurrencies and tokenized assets, has expanded its custody and tokenization offerings to support permissioned blockchains including Hyperledger BESU, Quorum and other private companies. blockchains (EVM and non-EVM), to meet growing demand from some of the largest banks in the US and Europe,” he wrote in his statement.
With the new feature, the company’s clients can now easily tokenize any type of asset on public and authorized (private) blockchains through a single unified platform.
The team highlighted that Taurus’ expansion into permissioned blockchains also brings significant interoperability benefits. Taurus is the only custody and tokenization provider capable of bridging assets across private blockchains like Hyperledger Besu and public ones like Ethereum, Polygon, Tezos. “This capability is particularly important as large financial institutions, especially in the US, leverage both permissioned and public chains to issue tokenized assets.”
“We realize that our customers often manage multiple use cases running on public or permissioned blockchains across different platforms, some of which are custom and difficult to maintain,” said Vassili Lavrov, head of product at Taurus. “By providing public, permissioned blockchain support through Taurus-PROTECT, Taurus-CAPITAL and Taurus-EXPLORER, we elegantly solve this problem, reducing costs and risks for our customers.”
📣 We are delighted to announce a full product upgrade to support permissioned blockchains, including Hyperledger BESU, Quorum, and other enterprise-grade EVM and non-EVM permissioned blockchains. ⛓️
Read the full announcement here: https://t.co/WBhLVqrp7R pic.twitter.com/Zt6dTj15QH
— Taurus (@taurus_hq) September 20, 2023
It is worth remembering that, this month, Deutsche Bank, Germany’s most powerful lender, partnered with Swiss startup Taurus to offer cryptocurrency custody and digital asset tokenization services. It is worth noting that banking giant Deutsche Bank requested a license to offer custody services for digital assets from the sector regulator, BaFin, in June.
Also in June, Taurus announced integration with the Polygon (MATIC) blockchain network for its tokenization and custody platforms.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.