Banking software firm Temenos has integrated digital asset and blockchain infrastructure fintech Taurus onto its marketplace.
The Switzerland-based fintech recently gained a securities firm license from the Swiss Financial Market Supervisory Authority (FINMA). This made Taurus the first independent regulated marketplace for digital assets in the would. It can cover cryptocurrencies including Staking and Decentralised Finance (DeFi), any type of tokenised assets on any standard including issuance and full-lifecycle management, and digital currencies.
Now, Temenos banking clients can simply access digital assets. This is through Temenos MarketPlace, a community of fintech solutions.
The collaboration allows banks to provide custody to a wide range of digital assets. In addition, they can create tokenised products of their choice.
Taurus is bringing its full suite of products to Temenos:
- Taurus-CAPITAL (tokenisation and lifecycle management);
- Taurus-PROTECT (hot, warm, cold digital asset custody), and
- Taurus-EXPLORER (API-based blockchain connectivity to more than 10 blockchain protocols).
Sébastien Dessimoz, managing partner at Taurus, said: “Digital assets represent a major shift in the industry and we see an acceleration in demand since 2020. We are pleased to collaborate with Temenos, the world-leading banking software, and be able to make available our technology to Temenos’ client base of more than 3,000 banks and financial institutions worldwide. Taurus end-to-end platform will allow Temenos clients to manage any digital asset and create products in a couple of clicks.”
Alexandre Duret, product director at Temenos, added: “We believe that digital assets represent new opportunities for banks and wealth managers. Investors are increasingly aware of the performance of cryptocurrencies, which can effectively participate in the diversification of a portfolio. But other applications of blockchain technology, such as tokenized securities have the potential to transform the value chain with simpler issuance procedures, greater liquidity and real-time settlement.
“Taurus is leading the field in cryptography and blockchain technology. By joining forces, we can help banks to bridge the gap between traditional investments and digital assets.”