Taurus, which claims to be a full-stack digital asset infrastructure platform covering issuance, custody, and trading, and Chainlink Labs, a developer of Chainlink—the infrastructure for the tokenized asset economy— announced a collaboration to enable the adoption of tokenized assets by financial institutions.
Taurus and Chainlink explained that they are solving various challenges in the tokenized asset space— security, data, and asset mobility.
Taurus will harness the Chainlink platform to enhance tokenized assets with high-quality offchain data and unlock cross-chain interoperability.
This includes integrating Chainlink Data Feeds for market pricing, reference data, and identity data, offering vital information regarding the asset’s state or facilitating transactions.
In addition to this, Chainlink Proof of Reserve should help protect users from over-issuance risks and increase reserve transparency.
To enhance adoption and liquidity across chains, Taurus will reportedly integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP)—the solution for highly secure and reliable cross-chain connectivity.
Taurus has reportedly tested CCIP in a PoC around bridging USDC across chains. CCIP allows for seamless transfer of tokenized assets to any public or private blockchain where potential users seek access.
Leveraging Chainlink’s infrastructure, Taurus should enable the creation of a unified golden record across chains, helping ensure all associated data remains synchronized across blockchains as well as offchain systems.
By integrating Chainlink CCIP, Data Feeds, and Proof of Reserve, Taurus enables:
- Accelerated time-to-market for any class of tokenized assets on any blockchain;
- Access to greater liquidity with seamless cross-chain interoperability;
- Enhanced cross-chain security, leveraging Chainlink’s battle-tested infrastructure.
Juergen Hofbauer, Global Head of Strategic Partnerships at Taurus, said that their collaboration with Chainlink marks a key milestone in the evolution of tokenized assets.
They added that by leveraging Chainlink’s infrastructure, they’re able to offer their institutional clients unparalleled liquidity and data integrity for their tokenized assets.
They also noted that this collaboration aligns with their mission to provide secure digital asset infrastructure in the market.
Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, said that Taurus’ integration of the Chainlink platform demonstrates the demand for secure data and cross-chain infrastructure in the tokenized asset economy.
Angie added that the collaboration will help drive the adoption of tokenized assets among major financial institutions, further solidifying the role of blockchain technology in reshaping global capital markets. This collaboration reinforces Taurus’ role in digital asset infrastructure, building on partnerships with major financial institutions in all continents.
Taurus SA is a Swiss company, founded in April 2018, that reportedly offers enterprise-grade digital asset infrastructure to issue, custody, and trade any digital assets: cryptocurrencies, tokenized assets, NFTs, and digital currencies.
With over a 50% market share in Switzerland, it is a global firm focused on the banking segment, entrusted by the spectrum of financial institutions: systemic banks, universal banks, online banks, crypto-banks, private banks, and broker-dealers.
Taurus also operates a marketplace for private assets as well as tokenized securities.