Taurus Links Digital Assets to Swift's Blockchain Ledger for Cross-Border Payments
Taurus, a digital asset infrastructure provider, has taken a significant step in integrating its tokenization and custody platforms with Swift's blockchain-based ledger.
This integration enables clients to connect their existing digital asset infrastructure to the ledger for payments using bank-issued tokenized deposits.
The first client integrations are expected to go live within days, with the first distributed ledger technology transactions facilitated through Taurus' platforms anticipated to occur within weeks.
Sixteen banks across six continents have been preparing to pilot live transactions using tokenized deposits on Swift's ledger. Standard Chartered and HSBC were among the first institutions to complete a live cross-border transaction, connecting their separate tokenized deposit systems.