London, Geneva, Switzerland—September 27—Following institutional interest, Taurus today announced a strategic collaboration with the DFINITY Foundation, a Swiss-based not-for-profit organization and a major contributor to the Internet Computer. Taurus will integrate the Internet Computer Protocol (ICP), including its native ICP token and staking capabilities, to its custody platform.
Taurus’ clients will be able to have custody of the Internet Computer’s native ICP token and collect staking rewards through Taurus-PROTECTTM, the leading banking-grade custody solution used by more than 30 financial institutions and corporations. In addition, Taurus has expanded Taurus-EXPLORERTM, its blockchain connectivity infrastructure to support the Internet Computer blockchain. The integration of the Internet Computer into Taurus’ platform is driven by a demand from global financial institutions.
The Internet Computer is a fully decentralized, third-generation blockchain and crypto cloud infrastructure. The ICP network is made up of node providers hosted in independent data centers around the world. This means ICP does not rely on any centralized cloud infrastructure and is fully decentralized. Since the network went live in May 2021, the Internet Computer has experienced zero downtime and total transactions processed per day increased from 95M in 2022 to 490M in 2023, representing a 415% increase YoY.
This steady surge in popularity, especially in the enterprise sector, stems from the Internet Computer's capacity to mitigate platform risks that can lead to increasing server costs or codebase refactoring. Designed by one of the largest blockchain R&D teams, the Internet Computer integrates security and privacy at the protocol level, making it tamper-proof and eliminating the need for external firewalls.
Recently, the French multinational Sodexo partnered with DFINITY to leverage the Internet Computer as part of its digital-first rebranding effort.
Paul Meeusen, VP of Partnerships at the DFINITY Foundation, said: “The integration of the Internet Computer protocol into Taurus’ custody platform is a great example of two Swiss rooted organizations working together to bring the benefits of blockchain to a global and institutional audience. Taurus' institutional user base can now tap into the Internet Computer's rapidly growing ecosystem and benefit from its performance, convenience, and security.”
One of the Internet Computer’s latest technological advancements is its direct integration with Bitcoin. This enables Internet Computer smart contracts to receive, hold, and send Bitcoin directly on the Bitcoin network, unlocking a multitude of innovative use cases, including Bitcoin smart contracts and the potential for DeFi applications within the Bitcoin ecosystem.
Vassili Lavrov, Head of Product at Taurus, said: “The quality of the DFINITY engineering team is outstanding and is reflected in the Internet Computer blockchain design. We are pleased to collaborate with a blockchain foundation that shares the same R&D DNA and technology focus as that of Taurus.”
About the DFINITY Foundation
The DFINITY Foundation is a not-for-profit organization of leading cryptographers, computer scientists, and experts in distributed computing. With a mission to shift cloud computing into a fully decentralized state, the Foundation leveraged its experience to create the Internet Computer and currently operates as a major contributor to the network.
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 60% market share in Switzerland, it is also the European leader in the banking segment, entrusted by the full spectrum of financial institutions, including 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