Emre Yumlu 
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 integration allows banks and issuers to store and stake any Solana-based tokenized assets through the Taurus-Protect custody platform, as well as issue programmable tokenized assets on Taurus-Capital.
Taurus stated that by leveraging Solana’s high throughput and low latency, clients can automate financial workflows and payment processes, achieving new levels of efficiency.
Taurus’ decision to integrate with Solana was driven by institutional demand for real-world asset (RWA) tokenization. Jürgen Hofbauer, the company’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.
The platform is part of the growing RWA industry, which aims to increase accessibility and liquidity by minting financial and tangible assets on the blockchain.
Taurus raised $65 million in a Series B funding round led by Credit Suisse in February 2023, with participation from Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.
Following the investment, Taurus stated it sees potential for the digital asset industry to surpass a $10 trillion value by digitizing private assets.
The Convergence of TradFi and Digital Assets is “No Longer Theoretical”
The Swiss Distributed Ledger Technology (DLT) Act, introduced in 2021, played a significant role in enabling regulated tokenization services for banks, Hofbauer noted.
These rigorous compliance requirements have allowed banks to offer tokenization services under “clear” regulatory guidelines, meaning that the convergence of traditional finance and digital assets is “no longer theoretical,” Hofbauer added.
“The integration resulted from real institutional demand from our client base—particularly from banks in the Middle East looking to expand their digital asset capabilities on Solana,” he said.
“We understand there is growing interest from banking clients seeking to issue stablecoins and other tokenized assets on Solana,” Hofbauer concluded.
European financial institutions are increasingly interested in enterprise-grade crypto solutions.
Germany’s largest federal bank, Landesbank Baden-Württemberg, 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.
In February, DZ Bank, Germany’s second-largest bank, announced plans to launch a crypto trading pilot. The bank unveiled its digital asset custody platform in November 2023.
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