- Taurus utilizes Chainlink’s CCIP to provide secure, cross-chain tokenized asset transfers.
- The partnership’s goal is to boost liquidity and speed up the adoption of tokenized assets.
Taurus, a Swiss digital asset infrastructure company backed by Credit Suisse and Deutsche Bank, has established a strategic agreement with Chainlink to speed the adoption of tokenized assets. The partnership focuses on major industry concerns such as security, data integrity, and asset mobility, all of which are critical to the future of tokenized assets.
Taurus will incorporate Chainlink’s industry-leading Data Feeds, which give essential real-time information on market price and asset status. This integration is expected to end up in a strong proof of reserves system, increasing transparency and reducing the risk of over-issuance. The move improves user security while boosting trust in tokenized assets.
Cross-Chain Connectivity using Chainlink
Furthermore, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will allow for seamless communication across various blockchains, resulting in enhanced liquidity across the tokenized asset market. Chainlink’s technology has already facilitated over $15 trillion in transaction value, and the partnership intends to promote further growth in the tokenized asset ecosystem by cooperating with institutional entities around the world.
Juergen Hofbauer, Global Head of Strategic Partnerships at Taurus, highlighted the significance of this collaboration, saying, “Our partnership with Chainlink marks a significant milestone in the evolution of tokenized assets.”
Chainlink CEO Sergey Nazarov stated this sentiment, stating that tokenized real-world assets (RWAs) have the potential to propel traditional banking (TradFi) to the forefront of decentralized finance (DeFi).
This collaboration points out Switzerland’s expanding status as a center of innovation in both traditional and cryptocurrency-based financial systems. As RWAs gain popularity, tokenization provides solutions to infrastructure difficulties in TradFi, opening up new options for institutional investors.
Furthermore, Taurus recently collaborated with Aktionariat to provide tokenized shares for small and medium-sized businesses (SMEs) in Switzerland, allowing them to trade on the Taurus Digital Exchange (TDX). The partnership is a significant step toward improving SMEs’ access to liquidity and strengthening their involvement in the larger market. Taurus and Chainlink intend to change the tokenized asset industry by enhancing security, transparency, and liquidity.
