Taurus, a leading Swiss fintech firm, has expanded its digital asset infrastructure to the Stellar blockchain. Known for serving major financial institutions like Deutsche Bank, Credit Suisse, and Santander, Taurus is now set to enhance its offerings through Stellar’s open-sourced, public blockchain network.
Taurus began integrating its platforms — Taurus-PROTECT for digital asset custody and Taurus-CAPITAL for digital issuance and tokenization — with Stellar on Monday. This move enables banks and issuers to issue and manage any tokenized asset on Stellar, offering fully customizable and automated payment flows using programmable wallet behaviors and banking-grade access controls.
This strategic move aligns with Taurus’ growth plans, as Stellar is optimized for asset tokenization. Jürgen Hofbauer, Taurus’ Head of Global Strategic Partnerships, highlighted that clients can now benefit from reduced fees and fast transactions, enhancing efficiency in various tokenization use cases such as equity, debt, structured products, funds, tokenized deposits, and Central Bank Digital Currencies (CBDCs).
Taurus’ platforms already support over 20 public and permissioned blockchains, including Ethereum and Tezos. This integration marks a significant expansion, enabling Taurus to offer more versatile and efficient digital asset solutions. This move is expected to attract both banking and non-banking clients looking for cost-effective and swift transaction capabilities.
Financial Institutions Embrace Stellar for Tokenization
This move follows a broader trend of financial institutions adopting Stellar for real-world asset tokenization. Notable examples include Franklin Templeton, the first U.S. registered fund to utilize a public blockchain for processing transactions and documenting share ownership. Its on-chain U.S. Government Money Fund, represented by the BENJI token, operates on the Stellar and Polygon blockchains, managing $357.7 million in assets.
Despite facing competition from BlackRock’s BUIDL fund, which is tokenized on Ethereum, Franklin Templeton’s BENJI token remains a significant player in the market, managing $357.7 million in assets. WisdomTree and Circle are also leveraging Stellar for tokenization. WisdomTree’s personal finance app, WisdomTree Prime, launched on Stellar and Ethereum, while Circle’s USD-backed USDC stablecoin and Euro-backed EURC are also available on Stellar.
In January, Taurus received approval from Switzerland’s Financial Market Supervisory Authority (FINMA) to offer tokenized securities to retail users alongside its existing institutional clients. This regulatory approval underscores Taurus’ commitment to expanding its reach and providing innovative digital asset solutions in a compliant manner.
Roberto Durscki, Senior Director at Stellar Development Foundation, highlighted the significance of collaborating with Taurus. He stated that the partnership advances the adoption of tokenized real-world assets within regulated financial institutions, setting the stage for widespread adoption and establishing essential infrastructure for the future of digital finance.
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