Taurus-PROTECT and Taurus-CAPITAL now available on Stellar
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Taurus-PROTECT and Taurus-CAPITAL now available on Stellar 25 June 2024 Switzerland Reporter: Klea Neza
Image: WrightStudio/stock.adobe.com
Taurus has announced that its custody platform, Taurus-PROTECT and its digital issuance and tokenisation platform, Taurus-CAPITAL, are now available on the Stellar network.
The company says this integration will cover the custody of any Stellar tokenised assets through Taurus-PROTECT, as well as asset-agnostic issuance on the Stellar blockchain through Taurus-CAPITAL.
This enables banks and issuers to issue and process any tokenised asset via the Stellar network. Banks and issuers can fully customise and automate payment flows through programmable wallet behaviours combined with banking-grade access controls.
Jürgen Hofbauer, head of global strategic partnerships at Taurus, says: “Integration with Stellar seamlessly aligns with Taurus' strategic growth as the blockchain has been optimised and built for asset tokenisation.
“Our banking and non-banking clients can now benefit from reduced fees and fast transactions, optimising efficiency across a variety of tokenisation use cases such as equity, debt, structured products, funds, tokenised deposits, and CBDCs.”
Roberto Durscki, senior director at the Stellar Development Foundation, comments: “Collaborating with Taurus represents a significant step in advancing the adoption of tokenised real-world assets within regulated financial institutions and establishing the essential infrastructure for widespread adoption.”
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Image: WrightStudio/stock.adobe.com 