Taurus Connects Its Platforms to Swift's Blockchain Ledger

Taurus has integrated its tokenization and custody platforms with Swift's blockchain-based shared ledger. This integration will allow financial institutions to use bank-issued tokenized deposits for round-the-clock cross-border payments.

The first client integrations are expected within days, followed by initial DLT transactions within weeks. Existing Taurus clients can add the connection to their existing infrastructure, while banks without a blockchain system can use managed Hyperledger Besu infrastructure provided by Taurus.

Taurus co-founder and managing partner Lamine Brahimi said that financial institutions need digital asset infrastructure that works securely with systems they already operate. He noted that the Swift connectivity allows banks to extend their digital asset capabilities into tokenized deposits and cross-border payments while retaining control over their infrastructure.