Deutsche Bank-backed Taurus unveils new confidential token standard

Swiss blockchain infrastructure supplier Taurus has announced a new confidential token standard for institutions.

The Taurus, a supplier of Swiss digital asset infrastructure supported by Deutsche Bank and Credit Suisse, has introduced an open source confidential token standard for debt and joint -stock token for financial institutions to tokensiner financial assets on blocks audiences while keeping the confidentiality of intact customers.

The intelligent contract is designed in collaboration with the AZTEC Foundation to give the control of transmitters who can see information on tokenized assets without compromising compliance, said the Swiss company in a press release shared with Crypto.News.

Technology uses the AZTEC network ADDER-2 Protocol and evidence of zero knowledge to maintain private blockchain transactions. The code, written in black, an open source language for zero knowledge applications, also implements a private version of the CMTAT safety token.

“This responds to a major concern for confidentiality and regulatory alignment in public blockchain environments, without compromising compliance in order.”

Bull

The director of bull safety, JP Aumasson, who directed the development of the initiative, said that the tokenizing financial instruments on public blockchains “unlock immense potential” because he fills the gap between “institutional needs and decentralized technologies ”. The Open Source code is now available on Github for tests and public access.

In mid-February, bull spear His police custody and his business quality tokenization platform, Taurus-Capital, on the Solana blockchain.

This decision allows banks and financial institutions to store, manage and issue digital representations of real assets such as stocks, bonds or real estate Solara. As Crypto.News reported it previously, the platform integrates the protector of the bull for secure storage and the milestone of the assets based on Solana and the capital of the bull to issue programmable tokenized assets.