Taurus Luncurkan Jaringan Interbank Global untuk Permudah Operasi Aset Digital
Taurus Launches Global Interbank Network to Streamline Digital Asset Operations https://cryptonews.com/news/taurus-launches-interbank-network-to-streamline-digital-asset-operations/

Swiss Financial Technology Company Taurus Launches Interbank Digital Asset Network

Taurus, a Switzerland-based financial technology company, has launched 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 transactions across public and permissioned distributed ledger technologies (DLTs) and accommodates a wide range of digital assets.

According to the company, the network creates an ecosystem that covers public and permissioned DLTs, as well as all types of assets, whether they are cryptocurrencies, tokenized securities, or digital currencies. The platform incorporates a built-in collateral management system, enabling real-time asset pledging and lending between members.

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%.

The launch of the Taurus Network follows growing institutional interest in digital asset infrastructure and cross-border settlement capabilities. 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.