- Taurus partners with Chainlink to boost tokenized asset adoption.
- The collaboration addresses security, data integrity, and cross-chain interoperability.
Taurus, a Swiss digital asset infrastructure provider backed by Credit Suisse and Deutsche Bank, has announced a partnership with Chainlink to accelerate the adoption of tokenized assets. This collaboration aims to tackle critical challenges in the tokenized asset sector, including security, data integrity, and asset mobility.
To achieve these goals, Taurus will integrate Chainlink’s Data Feeds, which provide vital information on market pricing and asset state. This integration ensures robust proof of reserves, enhancing transparency and protecting users from the risks of over-issuance.Â
Chainlink Enhances Tokenized Asset Opportunities
Furthermore, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will facilitate seamless connectivity across multiple blockchains, leading to increased liquidity. Chainlink has already facilitated over $15 trillion in transaction value, collaborating with numerous institutional banks. Recently, On September 26, Taurus and Aktionariat announced a partnership.Â
This collaboration enabled the trading of tokenized shares from small- and medium-sized enterprises (SMEs) in Switzerland on the Taurus Digital Exchange (TDX). Furthermore, this partnership strengthens Taurus’ commitment to expanding tokenized asset offerings. It will provide SMEs with greater access to liquidity and broader market participation.
Highlighted Crypto News Today
XRP Faces Market Headwinds Despite Bitwise ETF Filing