The Taurus platform is leveraging Chainlink to enhance tokenized assets with offchain data, robust proof of reserves, and cross-chain interoperability, ultimately accelerating adoption and liquidity across multiple blockchain networks
BOSTON, 02.10.2024—Taurus, a leading full-stack digital asset infrastructure platform covering issuance, custody, and trading, and Chainlink Labs, a leading developer of Chainlink—the essential infrastructure for the tokenized asset economy— announced today a strategic collaboration to accelerate the adoption of tokenized assets by global financial institutions.
Together, Taurus and Chainlink are solving three key challenges in the tokenized asset space— security, data, and asset mobility. Taurus will leverage the Chainlink platform to enrich 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, providing crucial information about the asset's state or facilitating transactions. Additionally, Chainlink Proof of Reserve will help protect users from over-issuance risks and increase reserve transparency.
To enhance adoption and liquidity across chains, Taurus will integrate Chainlink's Cross-Chain Interoperability Protocol (CCIP)—the industry-leading solution for highly secure and reliable cross-chain connectivity. Taurus already successfully tested CCIP in a PoC earlier this year around bridging USDC across chains. CCIP allows for seamless transfer of tokenized assets to any public or private blockchain where potential users seek access. Utilizing Chainlink's infrastructure, Taurus will enable the creation of a unified golden record across chains, helping ensure all associated data remains synchronized across different blockchains and 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, "Our collaboration with Chainlink marks a significant milestone in the evolution of tokenized assets. By leveraging Chainlink's industry-leading infrastructure, we're able to offer our institutional clients unparalleled liquidity and data integrity for their tokenized assets. This collaboration aligns perfectly with our mission to provide the most sophisticated and secure digital asset infrastructure in the market."
Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, said, "Taurus' integration of the Chainlink platform demonstrates the growing demand for secure data and cross-chain infrastructure in the tokenized asset economy. This 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. We're excited to work with Taurus in addressing the critical challenges facing the tokenized asset ecosystem."
This collaboration reinforces Taurus' leadership in digital asset infrastructure, building on strategic partnerships with major financial institutions in all continents.
About Taurus SA
Taurus SA is a Swiss company, founded in April 2018, that provides enterprise-grade digital asset infrastructure to issue, custody, and trade any digital assets: cryptocurrencies, tokenized assets, NFTs, and digital currencies. With more than a 50% market share in Switzerland, it is a global leader in the banking segment, entrusted by the full 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 and tokenized securities.
For further information on Taurus: please visit www.taurushq.com
About Chainlink
Chainlink Labs is the primary contributing developer of Chainlink, the leading technology infrastructure for onchain data, cross-chain interoperability, and blockchain abstraction. Chainlink enables financial institutions to develop customized, compliant, and future-proof blockchain applications and tokenized assets. Chainlink can power tokenized assets throughout their entire lifecycle, enriching them with real-world data (e.g., NAV, proof of reserves), providing secure interoperability between any private or public blockchain to increase liquidity, and synchronizing asset data between blockchains and existing systems to maintain a unified golden record.
Chainlink has securely enabled over $15 trillion in transaction value and delivered more than 14 billion onchain data points across the blockchain ecosystem. Major market infrastructure providers and institutional banks such as Swift, ANZ, Fidelity International and Sygnum, and many others have collaborated with Chainlink to successfully demonstrate how financial institutions can use existing infrastructure and messaging standards to interact with tokenized assets across any blockchain.
For more information, please visit: https://chain.link/
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