Taurus, Chainlink Partner to Advance Institutional Tokenized Asset Adoption

Taurus, a Swiss-based provider of digital asset infrastructure, and blockchain abstraction layer Chainlink have announced a strategic partnership to accelerate the adoption of tokenized assets by global financial institutions.

Through this collaboration, Taurus will leverage Chainlink's infrastructure to enhance tokenized assets with high-quality offchain data, robust proof of reserves, and cross-chain interoperability. By integrating Chainlink Data Feeds, Proof of Reserve, and Cross-Chain Interoperability Protocol (CCIP), Taurus aims to address the critical challenges in the tokenized asset space, including security, data, and asset mobility, it said in an announcement on Wednesday.

CCIP allows for seamless transfer of tokenized assets to any public or private blockchain where potential users seek access. Taurus already successfully tested CCIP in a PoC earlier this year around bridging USDC across chains. 

This partnership will enable Taurus to offer its institutional clients unparalleled liquidity, data integrity, and cross-chain security for their tokenized assets. Key benefits for Taurus' clients include accelerated time-to-market for tokenized assets, increased liquidity through seamless cross-chain interoperability, and enhanced security provided by Chainlink's infrastructure.

"Taurus' integration of the Chainlink platform demonstrates the growing demand for secure data and cross-chain infrastructure in the tokenized asset economy. This collaboration will help drive the adoption of tokenized assets among major financial institutions, further solidifying the role of blockchain technology in reshaping global capital markets," Angie Walker, global head of banking and capital markets at Chainlink Labs, said.

Earlier this week, Australia's ANZ bank announced a partnership with Chainlink to support its digital innovation program with secure cross-chain infrastructure as part of Project Guardian.