Taurus Brings Institutional-Grade RWA Services to Solana Following Franklin Templeton Move

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🚨 Institutional-Grade RWA Services Invade Solana! 🚨

Taurus Brings Institutional-Grade RWA Services to Solana Following Franklin Templeton Move

It’s a beautiful day in the world of digital assets, comrades! 🌞 Taurus, a Swiss-based digital asset infrastructure provider, has finally joined the Solana blockchain party! 🎉

With its custody and tokenization platforms now integrated with Solana, banks and asset managers can securely custody, stake, and issue Solana-native tokenized assets. Ah, the sweet taste of institutional-grade transactions! 😋

Taurus Brings Custody and Tokenization to Solana

Founded in Switzerland, Taurus is a FINMA-regulated securities firm that provides comprehensive digital asset solutions for financial institutions. It’s like a Swiss Army knife for digital assets – it’s got 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. Ah, the old “it’s-a-better-than-Ethereum” argument! 😏

Additionally, Taurus’ integration with Solana was driven by growing institutional demand for scalable and efficient tokenization solutions. Because who doesn’t love a good tokenization party? 🎉

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). It’s like a digital asset buffet! 🍴

Jürgen Hofbauer, Head of Global Strategic Partnerships at Taurus, described the latest expansion to the Solana blockchain as a significant milestone for Solana. Ah, the usual marketing speak! 😒

“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.

Solana’s RWA Ecosystem Continues to Attract Major Players

Meanwhile, Solana has been gaining momentum in the RWA sector, attracting high-profile institutions looking to bring traditional financial products on-chain. It’s like a digital asset parade! 🎊

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. Ah, the old “we’re-on-Solana-too” game! 😏

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. Because retail users love a good app! 📱

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. Ah, the usual “we’re-here-to-help” speech! 😊

Taurus has been making significant strides in expanding its operations and strengthening its position as a leading provider of digital asset infrastructure. It’s like a digital asset empire! 🏰

The company operates TDX, a regulated trading facility for private assets and tokenized securities, providing institutional investors with a marketplace for tokenized financial products. Ah, the old “we’ve-got-a-trading-facility” trick! 🎲

Taurus’ Recent Growth and Business Expansion

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. It’s like a digital asset tour! 🗺️

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. Ah, the old “we-raised-money” story! 🤑

According to the company, the funding has played a crucial role in scaling Taurus’ infrastructures, expanding its global footprint, and enhancing its institutional offerings. It’s like a digital asset fairy tale! 🧚‍♀️

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2025-02-13 20:14