Taurus Expands Custody and Tokenization Solutions to Private Blockchains

With financial institutions increasing their reliance on private blockchains such as Hyperledger BESU and Quorum, Taurus’ expansion allows institutional clients to facilitate the custody and tokenization of assets across both EVM and non-EVM private blockchains, in addition to public ones.

Taurus SA, a leading Swiss institutional-grade digital asset platform to issue and manage cryptocurrencies and tokenized assets, has expanded its custody and tokenization offerings to support permissioned blockchains, including Hyperledger BESU, Quorum, and other enterprise-grade private blockchains (EVM and non-EVM), to meet the growing demand from some of the biggest US and European banks.

By leveraging Taurus’ custody platform and integrated tokenization engine, the company’s clients can now effortlessly tokenize any type of assets on public and permissioned blockchains via a single unified platform.

Taurus' natural expansion into permissioned blockchains also heralds significant interoperability benefits. Taurus remains the only custody and tokenization provider capable of bridging assets between private blockchains like Hyperledger Besu and public ones such as Ethereum, Polygon, Tezos – preventing asset silos that hinder liquidity. This capability holds particular importance as large financial institutions, particularly in the US, leverage both permissioned and public chains to issue tokenized assets.

“We realized that our clients often manage multiple use cases running across public or permissioned blockchains on different platforms, some of which are custom-made and difficult to maintain,” said Vassili Lavrov, Head of Product at Taurus. “By providing full public and permissioned blockchain support through Taurus-PROTECT, Taurus-CAPITAL, and Taurus-EXPLORER, we elegantly solve this problem, reducing costs and risks for our clients.”

This full product upgrade continues Taurus’ core mission to offer cutting-edge solutions, ensuring its clients have the necessary flexibility to build their own applications on any type of blockchains, as they see fit. Taurus is the only player in the world able to provide fully integrated tokenization and custody capabilities. Its clients can issue any asset type in digital form and manage its entire lifecycle on platforms such as Ethereum, Tezos (FA1.2), and Polygon. Moreover, clients can integrate and interact with any type of smart contract without limitations.

The company’s clients can now seamlessly manage any permissioned blockchain using their Taurus instances. To address varied security and regulatory requirements, Taurus services can be deployed on-premise, as managed services, or in a hybrid model. Several institutional clients in Europe and the Americas, are already using Taurus’ permissioned blockchain instances alongside public ones.

Since financial institutions must always comply with strict regulations, they often have to operate permissioned or private blockchains because they can fully control the network. This holds particularly true in the context of large consortia and central bank digital currencies’ (“CBDC”) projects. For example, Bank of Thailand’s CBDC project, Brazilian Central Bank’s digital currency pilot project, and Fnality International's Global Payments Platform, which is backed by 16 major institutions such as Banco Santander, ING, Nasdaq, Nomura, and UBS, have all chosen Hyperledger BESU as the foundation for their projects. Similarly, BESU is also leveraged for the mCBDC Bridge Project led by the Bank for International Settlements Innovation Hub, Hong Kong Monetary Authority, Bank of Thailand, People's Bank of China, and Central Bank of the United Arab Emirates.

Since 2020, Taurus has empowered clients to issue and manage any type of tokenized securities in full regulatory compliance. Over recent years, the company’s clients have successfully tokenized and custodied a broad spectrum of assets covering equity, debt, structured products, NFTs, cash, and real estate.

Most recently, Taurus partnered with Deutsche Bank, the leading German multinational bank, allowing the financial institution to offer custody services to its institutional clients. .

Taurus has always seen the digitization of assets as the next wave of financial innovation, especially thanks to clear regulations emerging in global financial hubs, including Switzerland, the EU, UAE, Singapore, and others. Numerous analysts have predicted the tokenization of private assets to become a multi-trillion opportunity by 2030.

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