Temenos Taps Digital Assets Platform Taurus to Unlock Swiss Banks’ Access to Crypto Assets
by Fintechnews Switzerland May 17, 2021Banking software company Temenos announced the integration of Taurus, a Swiss digital asset and blockchain infrastructure fintech, with Temenos Transact, the next generation core banking software.
Following a thorough landscape review and evaluation process, Temenos selected Taurus as a partner to deliver simplified access to digital assets for its banking clients.
Taurus’ technology is available to Temenos’ clients through Temenos MarketPlace, a curated community of fintech solutions that complement Temenos software.
Taurus brings the capability to integrate and seamlessly manage any digital asset, whether traditional securities, cash or digital assets, through its full suite of products; 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).
This collaboration allows banks to not only provide custody to a wide range of digital assets but also further innovate by creating tokenised products of their choice.
Depending on their business model and regulatory framework, banks will also be able to create, manage and service a wide range of tokenized assets leveraging Taurus-CAPITAL and Taurus-PROTECT functionalities.
Taurus recently received a securities firm license from the Swiss Financial Market Supervisory Authority (FINMA) to operate as an independent regulated marketplace for digital assets.
Alexandre Duret
Alexandre Duret, Product Director at Temenos said,
“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 tokenised 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.”
Sébastien Dessimoz
Sébastien Dessimoz, Managing Partner at Taurus added,
“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.”
