Deutsche Bank-backed Taurus and Chainlink team up to accelerate adoption of tokenized assets

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Taurus SA, a key provider of digital asset infrastructure for major financial institutions such as Deutsche Bank, has partnered with Chainlink Labs, a prominent developer of essential tokenized asset infrastructure, to accelerate institutional adoption of tokenized assets.

.@taurus_hq— a leading digital asset and tokenization platform covering issuance, custody and trading — fully integrates #Bundle platform for data and cross-chain.

Collaboration helps drive adoption of tokenized institutional assets.https://t.co/zmiY8Uzn9A. pic.twitter.com/GAhN1GUKQB

— Chainlink (@chainlink) October 2, 2024

The collaboration focuses on addressing security, data and asset mobility challenges in the tokenized asset sector, the companies said. Taurus will use the Chainlink platform to improve the security, transparency and interoperability of tokenized assets.

Taurus will integrate Chainlink’s Proof of Reserve and data streams to provide high-quality off-chain data for tokenized assets, including market prices, reference data, and identity data. This will ensure that tokenized assets are backed by accurate and reliable information, reducing risks for investors. In addition, Chainlink Proof of Reserve will help prevent over-issuance and increase the transparency of asset reserves.

The partnership also includes the use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which Taurus tested earlier this year, to facilitate seamless transfers of assets between different blockchains.

“By leveraging Chainlink’s industry-leading infrastructure, we are able to offer our institutional clients unmatched liquidity and data integrity for their tokenized assets,” said Juergen Hofbauer, Global Head of Strategic Partnerships at Taurus. “This collaboration aligns perfectly with our mission to provide the most sophisticated and secure digital asset infrastructure on the market.”

Discussing the partnership, Angie Walker, global head of banking and capital markets at Chainlink Labs, believes it will encourage traditional financial institutions to adopt tokenized assets, expanding their reach and influence in the market.

“Taurus’ integration of the Chainlink platform demonstrates the growing demand for secure data and cross-chain infrastructure in the tokenized asset economy,” said Walker. “This collaboration will help drive the adoption of tokenized assets among major financial institutions, further strengthening the role of blockchain technology in reshaping global capital markets.”

Major financial institutions, including State Street, are actively pursuing the development and use of blockchain networks for tokenizing real-world assets. Last month, State Street partnered with Taurus to provide enhanced crypto custody and tokenization services for institutional investors, leveraging Taurus’ digital asset solutions.

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