The post Fintech startup Taurus expands custody and issuance platforms to Stellar appeared on BitcoinEthereumNews.com.

Taurus, a fintech startup that offers digital asset infrastructure, has expanded its custody and issuance platforms to the Stellar network. The FINMA-regulated Taurus announced the expansion on Monday, June 24, noting that Taurus-PROTECT and Taurus-CAPITAL are now live on Stellar. The two platforms are the regulated firm’s custody and digital issuance and tokenization services respectively. As such, the integration will see Taurus provide custody of any assets tokenized on Stellar. The firm’s technology will also support asset-agnostic issuance on the crypto platform. “Integration with Stellar seamlessly aligns with Taurus’ strategic growth as the blockchain has been optimized and built for asset tokenization,” Jürgen Hofbauer, head of global strategic partnerships at Taurus, said in a statement. Significant milestone for RWA adoption Stellar’s public blockchain continues to see fresh interest amid latest asset tokenization developments, and this integration with Taurus adds to that growth, the firms said in the press release. Expanding to Stellar will help Taurus’ banking and non-banking clients benefit from a range of tokenization use cases. This means fast transactions and reduced fees being at the core of optimized efficiency across structured products, debt, equity, CBDCs, funds, and tokenized deposits. “Collaborating with Taurus represents a significant step in advancing the adoption of tokenized real-world assets within regulated financial institutions and establishing the essential infrastructure for widespread adoption,” Roberto Durscki, a senior director at Stellar Development Foundation, said. The collaboration means access to fully customized and automated payment flows for banks and other issuers, according to the firms. It also means users can tap into programmable wallet behaviors among other blockchain benefits for their real-world assets projects. Taurus, founded in April 2018, offers more than just digital asset custody and issuance services. While the Taurus-PROTECT platform currently serves over 30 different financial institutions and corporations, its other top offers are…

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Filed under: News - @ June 25, 2024 2:28 am