Taurus-NETWORK: A Comprehensive Digital Asset Collaboration Solution
Digital asset network launched by Taurus for interbank use
Taurus-NETWORK, a revolutionary digital asset collaboration platform, is making waves in the financial industry with its unique features and reduced counterparty risk.
Unlike other networks, Taurus-NETWORK stands out due to its customizable options and comprehensive coverage. It caters to public and permissioned distributed ledger technologies (DLTs), and supports a variety of digital assets, including cryptocurrencies, tokenized securities, and digital currencies.
One of the key advantages of Taurus-NETWORK is its full-stack infrastructure. While solutions like Fireblocks and Zodia Custody primarily focus on secure custody and asset transfer, Taurus offers a more extensive platform that encompasses issuance, custody, and trading.
Taurus' partnership with Chainlink further enhances Taurus-NETWORK's offerings. By leveraging Chainlink's battle-tested decentralized oracle infrastructure, the platform can provide real-time market pricing, identity data, and reserve proofs, thereby increasing transparency and security.
Moreover, Taurus-NETWORK's cross-chain interoperability, enabled by Chainlink's Cross-Chain Interoperability Protocol (CCIP), allows for seamless liquidity and asset mobility across multiple blockchains. This feature was demonstrated with the successful USDC bridging.
Taurus-NETWORK has already garnered the attention of major financial institutions, with partners like Fidelity, Sygnum, Apex, Paxos, State Street, Credit Suisse, Deutsche Bank, Arab Bank Switzerland, Pictet Group, CACEIS, Santander, and several others on board. Early participants also include Arab Bank Switzerland, Capital Union Bank, Flowdesk, ISP Group, Misyon Bank, and Swissquote.
Network participants retain control of their assets and never rely on Taurus to enter or unwind transactions. Taurus-NETWORK also ensures that network participants are not exposed to counterparty risk from Taurus. Furthermore, integration with Taurus-PROTECT allows for wallet balance pledging and cold wallet trading, reducing counterparty risk in digital asset trading.
In a nutshell, Taurus-NETWORK is an integrated digital asset infrastructure platform, offering a broader scope compared to more specialized custody-focused solutions like Fireblocks and Zodia Custody.
| Feature | Taurus-NETWORK | Fireblocks | Zodia Custody | |-----------------------------------|----------------------------------------------------|----------------------------------------|-------------------------------------| | Product scope | Full-stack: issuance, custody, trading | Custody & transfer platform | Custodian for tokenized physical assets | | Oracle / data integration | Chainlink Data Feeds, Proof of Reserve, CCIP | Primarily custody and transfer focused | Custodian role, less focus on data feeds | | Cross-chain interoperability | Deep integration using Chainlink CCIP | Supports multiple chains, less oracle integration | Custody-focused, specific asset types | | Institutional partnerships | Partnerships with Fidelity, Sygnum, Apex, Paxos | Broad institutional user base | Niche tokenized physical assets market |
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- Taurus-NETWORK, distinct among its competitors in the banking-and-insurance and fintech industry, offers a full-stack infrastructure that includes issuance, custody, and trading, setting it apart from platforms like Fireblocks and Zodia Custody, which primarily focus on secure custody and asset transfer.
- By integrating Chainlink's decentralized oracle infrastructure, Taurus-NETWORK provides real-time market pricing, identity data, and reserve proofs, increasing transparency and security in the finance and technology landscape.
- Through Chainlink's Cross-Chain Interoperability Protocol (CCIP), Taurus-NETWORK enables seamless liquidity and asset mobility across multiple blockchains, showcasing its tokenization advantages over other digital assets in the industry.
- Taurus-NETWORK has secured partnerships with major players in the banking and finance sector, such as Fidelity, Deutsche Bank, Arab Bank Switzerland, and many others, demonstrating its broad institutional appeal.
- Unlike other solutions, Taurus-NETWORK empowers network participants to maintain control of their assets and minimize counterparty risk, an essential consideration in the digital asset collaboration space.
