Key Points:
- Deutsche Bank-backed Taurus launched Taurus-CAPITAL on the Solana blockchain, enabling financial institutions to issue and manage tokenized assets and NFTs.
- The company recently partnered with the Hashgraph Association, integrated Chainlink, and collaborated with ISP Securities to enhance digital asset offerings.
Deutsche Bank-backed Taurus has expanded its services by launching an enterprise-grade custody and tokenization platform, Taurus-CAPITAL, on the Solana blockchain. The integration includes programmable token extensions via Taurus-CAPITAL and Taurus-PROTECT.
Read more: Chainalysis CEO Michael Gronager Resigns After 10 Years With Company
Deutsche Bank-backed Taurus Expands to Solana to Attract Financial Institutions
Taurus-CAPITAL enables users to issue and manage tokenized assets and NFTs on both public and private blockchains while interacting with smart contracts. The firm’s custody platform, Taurus-PROTECT, allows banks and issuers to store and stake Solana-native tokenized assets.
The expansion follows a series of strategic initiatives by Taurus. Earlier this year, the company partnered with the Hashgraph Association (THA) to promote global adoption of Hedera’s distributed ledger technology (DLT), particularly in emerging markets.
Additionally, in October, Taurus integrated Chainlink’s platform to accelerate tokenized asset deployment across multiple blockchains. The firm also collaborated with ISP Securities in November to enhance digital asset offerings.
Strong Backing Fuels Digital Asset Growth
Founded in 2018, Deutsche Bank-backed Taurus is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and provides digital asset infrastructure for issuing, storing, and trading digital assets. The company also operates a marketplace for private assets and tokenized securities.
Taurus has secured strong financial backing, raising $65 million in a Series B round in February 2023. Investors included Credit Suisse, Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.
The Taurus’s move onto Solana aligns with a growing trend, as major institutions like Franklin OnChain U.S. Government Money Fund and Apollo Diversified Credit Securitize Fund have also adopted Solana for digital asset issuance.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Latest
Kaito AI Founder Suffers X Account Hack in Coordinated Crypto Market Manipulation Attempt
Press Release
Skipping Ondo Was a Painful Lesson—Qubetics’ ICO Opens a New Door to the Most Popular Cryptocurrency
