Taurus, a fintech startup specializing in digital asset infrastructure, has expanded its custody and issuance platforms to the Stellar network. This move, announced on June 24, brings Taurus-PROTECT and Taurus-CAPITAL to Stellar’s ecosystem, enhancing their custody and digital issuance services.

The integration allows Taurus to offer custody for assets tokenized on Stellar and supports asset-agnostic issuance on the platform. According to Jürgen Hofbauer, head of global strategic partnerships at Taurus, “Integration with Stellar seamlessly aligns with Taurus’ strategic growth as the blockchain has been optimized and built for asset tokenization.”

Milestone for Real-World Asset Adoption

Stellar’s public blockchain is gaining traction with recent developments in asset tokenization. This integration with Taurus is a significant step forward. Expanding to Stellar will enable Taurus’ banking and non-banking clients to benefit from various tokenization use cases, including fast transactions and reduced fees. These efficiencies apply to structured products, debt, equity, CBDCs, funds, and tokenized deposits.

“Collaborating with Taurus represents a significant step in advancing the adoption of tokenized real-world assets within regulated financial institutions and establishing the essential infrastructure for widespread adoption,” Roberto Durscki, senior director at Stellar Development Foundation, commented.

This partnership offers fully customized and automated payment flows for banks and other issuers. Additionally, users can leverage programmable wallet behaviors and other blockchain benefits for their real-world asset projects.

About Taurus

Founded in April 2018, Taurus provides more than just digital asset custody and issuance services. Taurus-PROTECT currently serves over 30 financial institutions and corporations. Their other leading platforms include TDX, a regulated crypto assets marketplace, and Taurus-EXPLORER, a blockchain node infrastructure platform that interfaces securely with more than 20 blockchain networks.

Stellar’s blockchain technology has already been adopted by prominent global institutions such as Franklin Templeton and WisdomTree for their tokenization initiatives. In 2021, Circle launched its USDC stablecoin on Stellar and added EURC in September last year.

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