Taurus selected Solana for its high-speed, low-cost transactions and increasing demand for real-world asset (RWA) tokenization.
By Chimamanda U. Martha
Edited by Marco T. Lanz
Updated
3 mins read
Taurus, a digital asset infrastructure provider, has officially integrated its custody and tokenization platforms with the Solana blockchain, marking a significant milestone in its expansion strategy. The move comes as Solana continues to attract institutional players into its rapidly growing real-world asset (RWA) ecosystem.
The Swiss-based company announced on Thursday that it has connected Taurus-PROTECT, its institutional-grade custody solution, and Taurus-CAPITAL, its digital issuance and tokenization platform, with Solana. This integration will enable banks and asset managers to securely custody, stake, and issue Solana-native tokenized assets.
Founded in Switzerland, Taurus is a FINMA-regulated securities firm that provides comprehensive digital asset solutions for financial institutions. The company offers custody, tokenization, and trading infrastructure for private and institutional clients looking to explore digital assets.
The company said its decision to integrate its institutional-grade and custody platforms into Solana was influenced by the blockchain’s underlying infrastructure.
Additionally, Taurus’ integration with Solana was driven by growing institutional demand for scalable and efficient tokenization solutions.
As a Proof-of-Stake (PoS) chain, Solana’s high-performance blockchain architecture makes it a preferred choice for financial institutions looking to tokenize assets such as equity, debt, structured products, funds, tokenized deposits, and central bank digital currencies (CBDCs).
Jürgen Hofbauer, Head of Global Strategic Partnerships at Taurus, described the latest expansion to the Solana blockchain as a significant milestone for Solana.
“Integrating with Solana marks a significant milestone for Taurus, as the blockchain’s scalability and cost-efficiency are unparalleled in the industry. With this integration, our banking and enterprise clients can access an advanced platform to tokenize assets while minimizing costs and operational complexities,” he said.
Meanwhile, Solana has been gaining momentum in the RWA sector, attracting high-profile institutions looking to bring traditional financial products on-chain.
Just yesterday, Franklin Templeton, a leading global asset manager, brought its $594 million Government Money Market Fund (FOBXX) to Solana. This fund has already been integrated into other blockchain networks, including Ethereum, Base, Aptos, and Avalanche.
That same day, the asset management firm announced that it had integrated its Benji platform into Solana. The app is designed specifically for retail users, making it easy to find RWAs and other cryptocurrencies listed on the Solana blockchain.
Now, barely 24 hours after Franklin Templeton’s announcement, Taurus has joined Solana’s expanding RWA ecosystem. The company aims to serve global financial institutions seeking secure, compliant, and scalable tokenization solutions on a blockchain built for institutional-grade transactions.
Taurus has been making significant strides in expanding its operations and strengthening its position as a leading provider of digital asset infrastructure.
The company operates TDX, a regulated trading facility for private assets and tokenized securities, providing institutional investors with a marketplace for tokenized financial products.
In December 2024, Taurus expanded into Turkey with a new office in Istanbul, reinforcing its commitment to serving clients across Europe, the Middle East, and Asia. This move complements the company’s existing presence in Dubai, creating a strategic corridor connecting key financial hubs.
Before then, the company conducted a series B funding round, which saw participation from prominent companies within the financial industry in February 2023. The $65 million funding round was led by Credit Suisse. Top contributors in the round included Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.
According to the company, the funding has played a crucial role in scaling Taurus’ infrastructures, expanding its global footprint, and enhancing its institutional offerings.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
