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Digital Asset Firm Taurus Launches Enterprise-Grade Custody and Tokenization Platform on Solana Blockchain
Taurus, a digital asset firm backed by Deutsche Bank, has announced the launch of its enterprise-grade custody and tokenization platform, Taurus-CAPITAL, on the Solana blockchain. This move enables banks and financial institutions to securely store, manage, and issue digital assets on Solana, a blockchain renowned for its fast and low-cost transactions.
Key Features of the Taurus-CAPITAL Platform
The platform combines Taurus-PROTECT for secure storage and staking of Solana-based assets and Taurus-CAPITAL for issuing programmable tokenized assets. Tokenized assets are digital representations of real-world assets, such as stocks, bonds, or real estate, on a blockchain. This platform allows institutions to automate various financial processes, including payments, dividends, and settlements.
Some of the platform’s key features include:
- Staking, which enables clients to earn rewards by supporting the network.
- Token extensions, which allow for programmable digital assets with custom rules, such as automated interest payments.
Benefits of the Solana Blockchain
Taurus chose the Solana blockchain to help clients benefit from fast transactions and cost savings while managing digital assets. This integration marks a step forward in making digital asset management more efficient for large institutions, demonstrating continued interest from banks in blockchain technology for traditional financial services.
As Taurus continues to enhance its tokenized asset solutions, last year’s partnership with Chainlink Labs has integrated Chainlink’s Data Feeds, Proof of Reserve, and Cross-Chain Interoperability Protocol to improve security, transparency, and cross-chain asset mobility.
“The integration of Taurus with Solana is a significant step forward in making digital asset management more efficient for large institutions.”
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