The move will allow Taurus' clients to automatically issue digital securities via the Polygon blockchain. The fintech raised $65 million in funding earlier this year.
Digital asset infrastructure provider Taurus is stepping up its tokenization efforts in Europe through a full integration with the Polygon blockchain, the company announced on June 2., and will allow its clients to automatically issue digital securities. Taurus claims to have over 25 clients across nine countries, including Arab Bank Switzerland, CACEIS Bank, Crédit Agricole, Credit Suisse, Deutsche Bank, Pictet, Swissquote, Vontobel.
A Taurus spokesperson told Cointelegraph that debt, funds, and structured products are among the most popular assets for tokenization, though the demand varies depending on local regulations. Picking Polygon was a"natural choice to benefit from the Ethereum network," it continued. “The tokenization of real-world assets is a no-brainer at the root of the idea. The challenge is and always has been to build sufficiently advanced infrastructure to enable it,” Colin Butler, global head of institutional capital at Polygon Labs, said in a statement.
A tokenization process involves converting something tangible or intangible into a digital token. Tokenizing tangible assets such as real estate, stocks, or art is possible. It is also possible to tokenize intangible assets such as loyalty points and voting rights, as previously
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Credit Suisse-backed crypto firm Taurus integrates Polygon for tokenizationTaurus, a Swiss crypto infrastructure firm, has integrated the Polygon blockchain network for its tokenization and custody platforms.
Leer más »
Credit Suisse, Deutsche Bank-Backed Taurus Deploys on Polygon BlockchainDigital asset infrastructure provider taurus_hq has become available on Ethereum scaling network 0xPolygon. By JamieCrawleyCD
Leer más »
Germany’s Deutsche Telekom plugs in as Polygon validatorGerman telecommunications firm Deutsche Telekom will become a validator and staker for Ethereum layer-2 scaling protocol Polygon.
Leer más »
Polygon-Based USDC Can Now Be Sent on Coinbase Wallet With Zero GasCoinbase Wallet, one of most popular tools for storing and sending cryptocurrency, makes USDC transactions on Polygon gas-free
Leer más »
Inside the fight for Europe's first wild river national parkAlbania's Vjosa river was due to be the site of a massive hydroelectric dam, with disastrous consequences for biodiversity. New Scientist reports on its rescue, the benefits for local nature and why it is an inspiration for other river conservation projects
Leer más »
U.S., Europe working on voluntary AI code of conduct as calls grow for regulationThe United States and Europe are drawing up a voluntary code of conduct for artificial intelligence, a top European Union official said Wednesday, as the developing technology triggers warnings about the risks it poses to humanity and growing calls for regulation.
Leer más »