As a researcher with a background in fintech and digital assets, I find the expansion of Taurus to the Stellar network to be an exciting development. Taurus’ custody and issuance platforms, Taurus-PROTECT and Taurus-CAPITAL, have now gone live on Stellar, enabling the firm to provide custody services for any assets tokenized on the platform.
As a crypto investor, I’m excited to share that Taurus, a leading fintech player in the digital asset infrastructure space, has broadened its horizons by integrating its custody and issuance platforms onto the dynamic Stellar network. This expansion signifies a significant step forward, enabling us to tap into new opportunities within the Stellar ecosystem while maintaining the security and reliability that Taurus is known for.
On June 24, Taurus, a financial intermediary overseen by FINMA, unveiled the activation of its two new offerings: Taurus-PROTECT and Taurus-CAPITAL. These platforms, now operational on Stellar, provide custody services and digital issuance and tokenization solutions respectively.
In this capacity, Taurus will oversee safekeeping of tokens representing assets on the Stellar network. Additionally, Taurus’ technology enables issuance of various assets on the Stellar crypto platform.
“Taurus’ collaboration with Stellar effortlessly supports our strategic expansion since Stellar is specifically designed and enhanced for digital asset tokenization,” Jürgen Hofbauer, Taurus’ head of global strategic partnerships, stated.
Significant milestone for RWA adoption
The press release announced that Stellar’s public blockchain is experiencing renewed enthusiasm due to recent advancements in asset tokenization, and this new collaboration with Taurus further boosts its development.
As an analyst, I would express it this way: By expanding to Stellar, Taurus is enabling both our banking and non-banking clients to reap the benefits of various tokenization applications. At the heart of these advantages are swift transactions and diminished fees, ensuring streamlined efficiency for structured products, debt and equity instruments, central bank digital currencies (CBDCs), funds, and tokenized deposits alike.
As a researcher at Stellar Development Foundation, I’m thrilled to announce that partnering with Taurus marks a substantial leap forward in promoting the utilization of tokenized real-world assets within regulated financial institutions. By establishing this collaboration, we aim to create the fundamental infrastructure necessary for widespread adoption.
Through the partnership, banks and other issuers gain access to tailor-made and automated payment systems. At the same time, users can leverage programmable wallet functionalities and various other advantages of blockchain technology for managing their real-world asset projects.
Taurus, founded in April 2018, offers more than just digital asset custody and issuance services.
The Taurus-PROTECT platform caters to over 30 financial entities at present. Among its notable solutions are TDX, a regulated cryptocurrency trading marketplace, and Taurus-EXPLORER, an infrastructure platform for blockchains that provides a secure entry point to over 20 different networks.
As a crypto investor, I’ve noticed some exciting developments in the world of Stellar (STX). Major global institutions like Franklin Templeton and WisdomTree have recognized the potential of Stellar’s blockchain technology and have implemented it for their tokenization projects. Furthermore, Circle, a well-known player in the crypto space, launched its US Dollar Coin (USDC) on Stellar back in 2021. More recently, they added the Euro Coin (EURC) to their Stellar offerings in September last year.
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2024-06-24 16:30