Switzerland-based Taurus and Chainlink have partnered to drive adoption of tokenized assets. Taurus will use the altcoin project’s platform to ensure compatibility between different blockchains. Meanwhile, Fidelity International and crypto bank Sygnum partnered with Chainlink earlier this year.
Collaborates with Taurus and popular altcoin Chainlink!
Taurus has partnered with Chainlink Labs, the popular altcoin project that is also in the focus of Turkish crypto investors. Switzerland-based Taurus is a digital asset infrastructure provider. Through this collaboration, the Swiss giant aims to overcome challenges related to tokenized assets, including cross-chain mobility, data integration and security. Additionally, the partnership aims to promote the adoption of tokenized assets in institutional markets. Taurus said it will use Chainlink data streams for “market pricing, reference data, and identity data” to provide asset status information and facilitate transactions.
Juergen Hofbauer, Taurus’ head of global strategic partnerships, made some statements about the partnership. In his statement, Hofbauer said that tokenization “brings new investment opportunities to everyone.” But he added that it also brings challenges. In this context, Hofbauer made the following statement:
A key element of the solution is to enrich tokenized assets with a range of high-quality offline data, including market pricing, reference data and identity data.
Effects of the partnership on the financial sector
Juergen Hofbauer said the partnership with altcoin Chainlink improves “liquidity and insight – especially cross-chain” to maintain “momentum towards tokenized assets.” In this regard, “Together, they provide financial institutions with important information about the condition of assets. “We also facilitate transactions across multiple Blockchains.” he said. Chainlink’s infrastructure, combined with Taurus’ presence in the European digital asset market, creates a new opportunity for financial institutions to improve the tokenization process.
However, challenges still remain. Because the adoption of tokenized assets faces regulatory challenges and concerns about market volatility that the partnership must overcome in an increasingly crowded market.
Aktionariat partnership of Taurus
Meanwhile, on September 26, Taurus partnered with Swiss fintech firm Aktionariat. With this partnership, the company aims to facilitate the trading of tokenized shares of small and medium-sized businesses in Switzerland. The partnership leverages Aktionariat’s tokenization solution to enable companies to convert their shares into Blockchain tokens on the Ethereum network for trading on the Taurus Digital Exchange. RealUnit will be the first company to test this collaborative solution, which will go live in November. RealUnit is an investment company focusing on real assets. To follow the developments cryptokoin.com keep reading.
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