Switzerland-based financial technology company Taurus announced the launch of an interbank digital asset network aimed at improving institutional collaboration, collateral mobility, and settlement efficiency across cryptocurrencies, tokenized securities, and central bank digital currencies (CBDCs).
The network, called Taurus Network, connects clients of Taurus-PROTECT—its institutional-grade custody platform—across more than 35 financial institutions in ten countries.
The Network Supports Wide Range of Digital Assets
The new infrastructure enables participants to interact directly through their existing Taurus-PROTECT setups, regardless of whether they are deployed on-premises, in hybrid form, or as software-as-a-service. According to the company, the network supports transactions across public and permissioned distributed ledger technologies (DLTs) and accommodates a wide range of digital assets.
Vassili Lavrov, Head of Product Infrastructure, said:
“Network participants retain control of their assets and never rely on Taurus to enter or unwind transactions. Taurus Network creates an ecosystem covering public and permissioned DLTs, as well as all types of assets whether cryptocurrencies, tokenized securities, and digital currencies”.
The company noted that the Taurus Network is designed to streamline cross-institutional operations while minimizing counterparty risk.
The platform incorporates a built-in collateral management system, enabling real-time asset pledging and lending between members. Financial institutions can also use the network to participate in syndicated loans secured by pledged collateral.
Taurus Network Includes Compliance Features
The network includes embedded compliance features, such as Travel Rule support and cryptographic proof-of-reserves, reducing manual regulatory checks. It also automates key operational processes like identity verification and whitelisting, which Taurus claims reduces administrative workload by more than 90%.
Initial participants include Arab Bank Switzerland, Capital Union Bank, Flowdesk, ISP Group, Misyon Bank, and Swissquote. Additional institutions are expected to join during the first half of 2025.
Thomas Jeulin, Head of Sales EMEA of Flowdesk, said:
“Joining Taurus-NETWORK is a natural step for us as digital assets and traditional finance continue to converge. Providing liquidity to the largest financial institutions while unlocking new use cases in collateral management and derivatives aligns perfectly with our mission.”
Taurus Network also allows institutions to choose the jurisdictions and counterparties they wish to engage with, offering flexibility in complying with national regulatory frameworks.
The launch follows growing institutional interest in digital asset infrastructure and cross-border settlement capabilities. Taurus, which was founded in 2018, is regulated by FINMA and offers digital asset issuance, custody, and trading services. The company also operates a marketplace for private assets and tokenized securities.
Further product updates and additional features for Taurus Network are expected to be announced later this year.
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