Taurus SA, a major provider of digital asset infrastructure for major financial institutions such as Deutsche Bank, is partnering with Chainlink Labs, a prominent developer of essential tokenized asset infrastructure, to accelerate institutional adoption of tokenized assets.
.@taurus_hq – a leading digital asset and tokenization platform spanning issuance, custody and trading – fully integrates the #Chainlink platform for data and cross-chain.
The collaboration helps drive the adoption of institutional tokenized assets.https://t.co/zmiY8Uzn9A pic.twitter.com/GAhN1GUKQB
— Chainlink (@chainlink) October 2, 2024
The collaboration focuses on addressing security, data and asset mobility challenges within the tokenized asset sector, the companies said. Taurus will use the Chainlink platform to improve the security, transparency and interoperability of tokenized assets.
Taurus will integrate Chainlink’s Data Feeds and Proof of Reserve to provide high-quality off-chain data for tokenized assets, including market prices, reference data and identity data. This will ensure that tokenized assets are backed by accurate and reliable information, reducing risks for investors. Additionally, Chainlink Proof of Reserve will help prevent over-issuance and increase transparency of asset reserves.
The collaboration also includes the use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which Taurus tested earlier this year, to enable seamless asset transfers between different blockchains.
“Leveraging Chainlink’s industry-leading infrastructure, we can provide our institutional clients with unparalleled liquidity and data integrity for their tokenized assets,” said Juergen Hofbauer, Global Head of Strategic Partnerships at Taurus. “This partnership aligns perfectly with our mission to provide the most advanced and secure digital asset infrastructure on the market.”
Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, believes the partnership will encourage more traditional financial institutions to adopt tokenized assets, expanding their reach and influence in the market.
“Taurus’ integration of the Chainlink platform demonstrates the growing demand for secure data and cross-chain infrastructure in the tokenized asset economy,” said Walker. “This collaboration will help drive the adoption of tokenized assets among major financial institutions, further strengthening the role of blockchain technology in reshaping global capital markets.”
Major financial institutions, including State Street, are actively pursuing the development and use of blockchain networks for tokenizing real-world assets. Last month, State Street partnered with Taurus to offer enhanced crypto custody and tokenization services to institutional investors, leveraging Taurus’ digital asset solutions.
