Taurus, a digital asset infrastructure firm backed by Deutsche Bank, has launched Taurus-Capital, an enterprise-grade custody and tokenization platform on the Solana blockchain. This move aims to help global financial institutions build tokenized asset solutions, improving efficiency and automation in financial workflows.
Taurus’ Integration with Solana
The new integration allows banks to:
✔ Custody and stake Solana-native tokenized assets via Taurus-Protect.
✔ Issue programmable tokenized assets through Taurus-Capital.
Taurus highlighted Solana’s high throughput and low latency, enabling seamless automation of financial workflows and payment processes.
Why Taurus Chose Solana
Taurus’ head of global strategic partnerships, Jürgen Hofbauer, stated that institutional demand for real-world asset (RWA) tokenization drove their decision. He noted that this integration allows banks to tokenize assets such as equity, debt, structured products, funds, tokenized deposits, and central bank digital currencies (CBDCs) while minimizing costs and complexity.
Growth of the Tokenization Industry
Taurus raised $65 million in a Series B round in 2023, led by Credit Suisse with participation from Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.
Following the investment, Taurus projected the digital asset market to surpass $10 trillion by digitizing private assets.
Convergence of Traditional Finance and Digital Assets
The Swiss Distributed Ledger Technology (DLT) Act, introduced in 2021, played a major role in enabling regulated tokenization services for banks. This has paved the way for financial institutions, particularly in the Middle East and Europe, to explore stablecoin issuance and digital asset services on Solana.
European Banks Expanding into Digital Assets
European banks are increasingly adopting enterprise-grade crypto solutions:
- Germany’s Landesbank Baden-Württemberg partnered with Bitpanda for institutional custody services in April 2024.
- DZ Bank, Germany’s second-largest bank, launched a crypto trading pilot and a digital asset custody platform in November 2023.
Taurus’ expansion into Solana-based tokenization marks a significant step in bridging traditional finance with blockchain technology, reinforcing the growing interest in digital assets among global financial institutions.
