The post Hashgraph Association Joins Forces with Taurus to Strengthen HBAR Custody Worldwide appeared on BitcoinEthereumNews.com.

The Hashgraph Association has partnered with Taurus to enhance the Hedera ecosystem. The partnership focuses on expanding Hedera’s presence in EMEA regions, benefiting from clear regulatory frameworks. The Hashgraph Association has partnered with the digital asset infrastructure company Taurus to boost the Hedera ecosystem. This collaboration primarily aims to ensure the safe custody, staking, and tokenization of HBAR and other Hedera digital assets for global financial institutions. The initiative targets banks and enterprises in Europe, Asia, the Middle East, and Africa (EMEA) to adopt Hedera’s decentralized ledger technology. Expanding Hedera’s Reach in Global Markets The focus on EMEA markets is the main strategic focus of the partnership due to the legal environment. Kamal Youssefi, the president of the Hashgraph Association, echoed this, stating that Europe is leading the way in the regulation of the market in crypto-assets, such as the MiCA regulation.  He also noted that this clarity is a stark difference from regulatory ambiguity in markets such as the United States, which makes the EMEA regions more attractive for investment in the Hedera ecosystem. Youssefi said that this partnership will help increase the visibility of both the Hashgraph Association and Taurus in these high-potential markets. He also added that this certainty is in contrast to regulatory uncertainty in markets like the United States, thus making the EMEA regions more favorable for investment in the Hedera network. According to Youssefi, this partnership will assist in raising awareness of both the Hashgraph Association and Taurus in such high-potential markets. Navigating Challenges in Asset Tokenization Although the partnership aims to benefit from the increasing demand for tokenized assets, the tokenization process itself has several issues. Youssefi highlighted the difficulties encountered when tokenizing real-world assets (RWAs), including the management of on-chain and off-chain activities. The issue of regulatory fragmentation persists because different rules…

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Filed under: News - @ January 22, 2025 1:13 am