Taurus Integrates With Swift Blockchain Ledger for Cross-Border Payments

Taurus has linked its digital asset platforms to Swift's blockchain ledger, enabling clients to connect their existing infrastructure for payments using tokenized deposits.

The integration allows Taurus' clients to use the ledger as an orchestration layer for round-the-clock cross-border payments. The first client integrations are expected to go live within days, with distributed ledger technology transactions facilitated through its platforms anticipated within weeks.

This move follows Swift's announcement in July that its blockchain-based ledger was ready for initial use. Seventeen banks across six continents have been preparing to pilot live transactions using tokenized deposits.