Geneva, 31.01.2024—Taurus SA today announces it has joined the ERC3643 Association. This move establishes Taurus as one of the first digital asset custody and tokenization infrastructure providers to join the association, marking a significant step in the advancement of smart contract standardization, and reinforcing Taurus commitment to offer a smart contract agnostic solution to banking clients.
The ERC3643 protocol is an open-source suite of smart contracts, enabling the issuance, management, and transfer of permissioned tokens. Over the past five years, it has set an industry standard for tokenization on various Ethereum-compatible blockchains, whether public or private, compatible with any ERC20 wallet, and has been actively utilized on networks like Ethereum, Polygon, and Avalanche.
The ERC3643 Association represents a joint effort among key industry players, aiming to foster the global adoption of the ERC-3643 token standard. This initiative focuses on the tokenization of Real-World Assets (RWA), aiming to eliminate silos and ensure interoperability across different platforms and systems.
“Taurus’ decision to join the ERC3643 Association is a strategic move that aligns with our core belief that smart contract standardization is crucial to accelerate the adoption of RWA tokenization," said Jürgen Hofbauer, Global Head of Strategic Partnerships at Taurus. "Our commitment to being smart contract agnostic makes this partnership a natural fit, enhancing our ability to deliver industry-leading solutions to our clients."
By supporting an open architecture, Taurus offers its clients the flexibility to select the most efficient technology for their needs without compatibility limitations, while also ensuring that their investments are future-proof and adaptable to emerging standards.
Dennis O'Connell, President of the ERC3643 Association, commented: "We are excited to welcome Taurus into our association. Their comprehensive expertise in digital asset infrastructure and strong regulatory compliance makes them an ideal partner to drive forward the ERC-3643 standard.”
About ERC3643 Association
The ERC3643 Association is a non-profit organization regrouping industry leaders within a shared mission to advance the adoption of the ERC3643 standard and promote the development of a standardized, secure, and compliant tokenization framework. The association brings together the expertise and resources of its members to foster collaboration, drive innovation, and create a more inclusive, efficient, and secure financial landscape. By supporting the widespread adoption of the ERC3643 standard, the association aims to unlock the full potential of tokenization and pave the way for a new era of global asset management. For more information, please visit ERC3643.org
About Taurus SA
Taurus SA is a Swiss FinTech, founded in April 2018, that provides enterprise-grade digital asset infrastructure to create, custody, and trade any digital assets, including cryptocurrencies, tokenized assets, NFTs, and digital currencies. Taurus 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. Taurus SA is a securities firm supervised and regulated by FINMA. TDX is an organized trading facility operated by Taurus.
About Taurus’ platform and products
Depending on their business model, strategy, and risk tolerance, Taurus' clients can seamlessly manage NFTs, cryptocurrencies, including staking, digitize and tokenize any type of asset on any standard end-to-end, and process digital currencies of their choice. Taurus’ product portfolio is composed of Taurus-PROTECT™, the leading secure storage solution in Europe which is currently used by more than 25 financial institutions and corporations. Taurus-CAPITAL™ allows clients to issue and manage NFTs and tokenized assets on public and private blockchains, as well as interact with any smart contract. The regulated marketplace for digital assets, TDX™, is connected to Taurus-PROTECT™ and Taurus-CAPITAL™. All products leverage Taurus’ blockchain node infrastructure, Taurus-EXPLORER™, which provides a unified API and reliable broadcasting algorithms to interface securely with over 15 blockchain networks. For more information, please visit: https://www.taurushq.com
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