🌎 Taurus Introduces Confidential Token Standard

Swiss Firm Taurus Unveils Confidential Token Standard for Institutions

Swiss blockchain infrastructure provider Taurus has introduced a new confidential token standard, enabling financial institutions to tokenize financial assets on public blockchains while maintaining customer privacy.

The open-source standard, developed in collaboration with the Aztec Foundation, utilizes Aztec Network’s layer-2 protocol and zero-knowledge proofs to ensure blockchain transactions remain private. This technology gives issuers control over who can access information about tokenized assets, ensuring compliance without compromising confidentiality.

Key Features of the Confidential Token Standard

The confidential token standard is designed to address a major concern for institutions: balancing privacy with regulatory requirements in public blockchain environments. Some of its key features include:

Utilizes Aztec Network’s layer-2 protocol for enhanced privacy
Employs zero-knowledge proofs to maintain confidentiality
Implements a private version of the CMTAT security token
Written in Noir, an open-source language for zero-knowledge applications

This addresses a major concern for privacy and regulatory alignment in public blockchain environments, without jeopardizing compliance good standing.

Taurus Chief Security Officer JP Aumasson, who led the development of the initiative, emphasizes that tokenizing financial instruments on public blockchains “unlocks immense potential” by bridging the gap between institutional needs and decentralized technologies. The open-source code is now available on GitHub for testing and public access.

Taurus Expands its Offerings with Taurus-CAPITAL

In mid-February, Taurus launched its enterprise-grade custody and tokenization platform, Taurus-CAPITAL, on the Solana blockchain. This move enables banks and financial institutions to store, manage, and issue digital representations of real-world assets, such as stocks, bonds, or real estate, on Solana.

Taurus-CAPITAL integrates Taurus-PROTECT for secure storage and staking of Solana-based assets and Taurus-CAPITAL for issuing programmable tokenized assets. This development represents a significant step forward in the adoption of blockchain technology and tokenization in the financial sector.

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