CACEIS is a major player in the fast-evolving asset servicing sector and “aims to broaden its offering on digital assets with services that meet clients’ growing demand.”
Accordingly, CACEIS signed an agreement with Taurus, a Swiss company that claims to be a European market leader in the digital assets and blockchain space, “to use its specialized platform.”
CACEIS’ objective is “to offer the following services by interfacing its systems with the Taurus platform and its three modules.”
- Secure custody of digital assets using Taurus-PROTECT, including automated corporate action processing, dividend payments and Smart Contract management,
- Digital asset issuance and tokenization on blockchain using Taurus-CAPITAL,
- Connectivity with 10+ blockchains using Taurus-EXPLORER.
Arnaud Misset, Chief Digital Officer of CACEIS, stated:
“In addition to our traditional asset servicing, CACEIS aims to gradually extend its offering to all digital assets and provide support for clients on blockchains. Taurus is a recognised expert in the field, and the integration of its platform is a major step in CACEIS’ innovation strategy.”
Sébastien Dessimoz, co-founder of Taurus added:
“We are very proud to be able to support CACEIS in the deployment of its digital asset offering. The digitization of financial instruments is the next wave of growth in digital assets and requires state-of-the-art technology to automate and simplify their processing. That’s why Taurus has built an integrated platform capable of providing comprehensive solutions to the most innovative players in the banking sector.”
As covered last year, Temenos (SIX: TEMN), the banking software company, announced the integration of Taurus SA, the Swiss digital asset and blockchain infrastructure fintech, with Temenos Transact, a next-generation core banking software. Temenos reported it collaborated with Taurus to deliver “simplified” access to digital assets for its banking clients.
According to Temenos, Taurus recently received a securities firm license from the Swiss Financial Market Supervisory Authority (FINMA) to operate the first independent regulated marketplace for digital assets in the world.
“The fintech is uniquely able to cover cryptocurrencies including Staking and Decentralized Finance (DeFi), any type of tokenized assets on any standard including issuance and full-lifecycle management, and digital currencies – all within the same platform.”