{"id":36535,"date":"2025-02-13T17:00:54","date_gmt":"2025-02-13T14:00:54","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36535"},"modified":"2025-02-13T16:41:52","modified_gmt":"2025-02-13T13:41:52","slug":"taurus-launches-solana-based-platform-for-banks","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/taurus-launches-solana-based-platform-for-banks\/","title":{"rendered":"Taurus Launches Solana-Based Platform for Banks"},"content":{"rendered":"<p><strong>Deutsche Bank-backed Taurus<\/strong> launches <a href=\"https:\/\/coinengineer.net\/blog\/solana-sol-in-an-uptrend-what-are-the-key-levels\/\"><strong>Solana-based<\/strong><\/a> platform enabling banks to manage digital assets.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/taurus-launches-solana-based-platform-for-banks\/#Taurus_Launches_Solana-Based_Digital_Asset_Platform\" title=\"Taurus Launches Solana-Based Digital Asset Platform\">Taurus Launches Solana-Based Digital Asset Platform<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/taurus-launches-solana-based-platform-for-banks\/#The_Convergence_of_TradFi_and_Digital_Assets_is_%E2%80%9CNo_Longer_Theoretical%E2%80%9D\" title=\"The Convergence of TradFi and Digital Assets is &#8220;No Longer Theoretical&#8221;\">The Convergence of TradFi and Digital Assets is &#8220;No Longer Theoretical&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"55\"><span class=\"ez-toc-section\" id=\"Taurus_Launches_Solana-Based_Digital_Asset_Platform\"><\/span>Taurus Launches Solana-Based Digital Asset Platform<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"57\" data-end=\"332\"><strong>Taurus<\/strong>, a digital asset infrastructure firm, has launched <strong>Taurus-Capital,<\/strong> an enterprise-grade custody and tokenization platform on the <strong>Solana blockchain<\/strong>. Backed by <strong>Deutsche Bank<\/strong>, Taurus aims to serve global financial institutions seeking to develop tokenized asset solutions.<\/p>\n<p data-start=\"334\" data-end=\"539\">This integration allows banks and issuers to store and stake any Solana-based tokenized assets through the<strong> Taurus-Protect<\/strong> custody platform, as well as issue programmable tokenized assets on Taurus-Capital.<\/p>\n<p data-start=\"541\" data-end=\"715\">Taurus stated that by leveraging Solana&#8217;s high throughput and low latency, clients can automate financial workflows and payment processes, achieving new levels of efficiency.<\/p>\n<p data-start=\"717\" data-end=\"1078\">Taurus\u2019 decision to integrate with <strong>Solana<\/strong> was driven by institutional demand for <strong>real-world asset (RWA) tokenization<\/strong>. J\u00fcrgen Hofbauer, the company&#8217;s Head of Global Strategic Partnerships, noted that banks and companies will have access to an advanced platform to tokenize assets such as equities, debt, structured products, funds, tokenized deposits, and CBDCs.<\/p>\n<p data-start=\"1080\" data-end=\"1240\">The platform is part of the growing <strong>RWA<\/strong> industry, which aims to increase accessibility and liquidity by minting financial and tangible assets on the blockchain.<\/p>\n<p data-start=\"1242\" data-end=\"1446\">Taurus raised $65 million in a Series B funding round led by Credit Suisse in February 2023, with participation from <strong>Deutsche Bank,<\/strong> <strong>Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.<\/strong><\/p>\n<p data-start=\"1448\" data-end=\"1598\">Following the investment, Taurus stated it sees potential for the digital asset industry to surpass a $10 trillion value by digitizing private assets.<\/p>\n<h2 data-start=\"1600\" data-end=\"1675\"><span class=\"ez-toc-section\" id=\"The_Convergence_of_TradFi_and_Digital_Assets_is_%E2%80%9CNo_Longer_Theoretical%E2%80%9D\"><\/span>The Convergence of TradFi and Digital Assets is &#8220;No Longer Theoretical&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1677\" data-end=\"1844\">The <strong>Swiss Distributed Ledger Technology (DLT)<\/strong> Act, introduced in 2021, played a significant role in enabling regulated tokenization services for banks, Hofbauer noted.<\/p>\n<p data-start=\"1846\" data-end=\"2086\">These rigorous compliance requirements have allowed banks to offer tokenization services under \u201cclear\u201d regulatory guidelines, meaning that the convergence of traditional finance and digital assets is \u201cno longer theoretical,\u201d Hofbauer added.<\/p>\n<blockquote>\n<p data-start=\"2088\" data-end=\"2280\">\u201cThe integration resulted from real institutional demand from our client base\u2014particularly from banks in the Middle East looking to expand their digital asset capabilities on Solana,\u201d he said.<\/p>\n<p data-start=\"2282\" data-end=\"2431\">\u201cWe understand there is growing interest from banking clients seeking to issue stablecoins and other tokenized assets on Solana,\u201d Hofbauer concluded.<\/p>\n<\/blockquote>\n<p data-start=\"2433\" data-end=\"2530\">European financial institutions are increasingly interested in enterprise-grade crypto solutions.<\/p>\n<p data-start=\"2532\" data-end=\"2783\">Germany&#8217;s largest federal bank, <strong>Landesbank Baden-W\u00fcrttemberg,<\/strong> began offering crypto custody solutions after partnering with the Austria-based Bitpanda cryptocurrency platform for its institutional custody platform, according to a report in April 2024.<\/p>\n<p data-start=\"2785\" data-end=\"2958\" data-is-last-node=\"\">In February, <strong>DZ Bank, Germany\u2019s second-largest bank<\/strong>, announced plans to launch a crypto trading pilot. The bank unveiled its digital asset custody platform in November 2023.<\/p>\n<hr \/>\n<p data-start=\"2785\" data-end=\"2958\" data-is-last-node=\"\"><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a> for the latest <a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deutsche Bank-backed Taurus launches Solana-based platform enabling banks to manage digital assets. Taurus Launches Solana-Based Digital Asset Platform Taurus, a digital asset infrastructure firm, has launched Taurus-Capital, an enterprise-grade custody and tokenization platform on the Solana blockchain. Backed by Deutsche Bank, Taurus aims to serve global financial institutions seeking to develop tokenized asset solutions. This<\/p>\n","protected":false},"author":29,"featured_media":36536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[11680,11681,319,3869],"class_list":["post-36535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-deutsche-bank-backed-taurus","tag-real-world-asset-rwa-tokenization","tag-solana","tag-taurus"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Taurus Launches Solana-Based Platform for Banks - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/taurus-launches-solana-based-platform-for-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taurus Launches Solana-Based Platform for Banks - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Deutsche Bank-backed Taurus launches Solana-based platform enabling banks to manage digital assets. Taurus Launches Solana-Based Digital Asset Platform Taurus, a digital asset infrastructure firm, has launched Taurus-Capital, an enterprise-grade custody and tokenization platform on the Solana blockchain. Backed by Deutsche Bank, Taurus aims to serve global financial institutions seeking to develop tokenized asset solutions. 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