Taurus taps Solana to for custody and tokenization platform

Taurus, a digital asset company supported by Deutsche Bank, launched its business quality and business tokenization platform, Taurus-Capital, on the Solana blockchain.

This decision allows banks and financial institutions to store, manage and issue digital assets on Solana (GROUND), a blockchain known for fast and low cost transactions.

The platform incorporates the Taurus protector for secure storage and stalling of solara-based assets and Taurus capital to issue programs tokenized assets. Tokenized assets are digital representations of active active people such as actions, obligations or real estate on a blockchain, according to a note shared with Crypto.News.

Thanks to this platform, institutions can automate financial processes such as payments, dividends and regulations.

Cost savings, fast transactions

Taurus chose Solana to help customers benefit from fast transactions and cost savings while managing digital assets.

The functionality of the platform includes Stak, which allows customers to win rewards by supporting the network and token extensions, which allow programmable digital assets with personalized rules, such as automated interest payments.

Last year, Taurus in partnership With Chainlink Labs to improve tokenized asset solutions for financial institutions. The collaboration has integrated ChainLink’s Data Feeds, Proof of Reserve and Cross-Chain Interoperability Protocol to improve the safety, transparency and reduced mobility of assets.

The integration of the Taurus with Solana marks a step forward in the management of digital assets more effective for large institutions, showing the continuous interest of banks in blockchain technology for traditional financial services.