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- Taurus, a Swiss digital asset firm backed by Deutsche Bank, has launched Taurus-Capital on Solana for tokenization and custody services.
- Driven by institutional RWA tokenization demand, Taurus chose Solana for its high throughput and efficiency, aligning with European banks embracing digital assets.
Taurus, a Switzerland-based digital asset infrastructure firm backed by Deutsche Bank, has taken a big leap in tokenization. The company launched Taurus-Capital on the Solana blockchain, an enterprise-grade custody and tokenization platform. The strategic move is set to open new doors for financial institutions looking to build and manage tokenized asset solutions efficiently.
Taurus is bringing enterprise-grade custody & tokenization to @solana!
✅ Securely custody & stake SOL-native assets
✅ Issue programmable tokenized assets at scale
✅ Tap into Solana’s high-speed infrastructure https://t.co/ewOnMucUVQ pic.twitter.com/vmHfbkksVv— Taurus (@taurus_hq) February 13, 2025
The integration with Solana allows banks and issuers to custody and stake Solana-native tokenized assets using Taurus-Protect, the company’s custody platform. Additionally, they can issue programmable tokenized assets through Taurus-Capital, which aims to streamline financial workflows and improve efficiency.
“By leveraging Solana’s high throughput and low latency, Taurus clients can achieve unprecedented levels of efficiency, enabling seamless automation of financial workflows and payment processes,” the company said.
RWA Tokenization Demand Drives Taurus-Solana Integration
Taurus’ decision to integrate with Solana was largely influenced by rising demand from institutions for real-world asset (RWA) tokenization. Jürgen Hofbauer, the company’s head of global strategic partnerships, highlighted the benefits of this expansion, stating:
With this integration, our banking and enterprise clients can access an advanced platform to tokenize assets like equity, debt, structured products, funds, tokenized deposits and CBDCs, while minimizing costs and operational complexities.
The growing RWA industry revolves around minting financial and tangible assets on the blockchain, making them more accessible and liquid. This trend has been gaining traction globally, with financial institutions looking to embrace blockchain-based solutions.
Hofbauer pointed out strong interest from Middle Eastern banks in expanding digital asset capabilities on Solana. Institutional demand from the client base drove integration, highlighting the growing institutional shift toward blockchain technology.
The Swiss Distributed Ledger Technology (DLT) Act, introduced in 2021, was crucial in enabling regulated tokenization services for banks. Hofbauer emphasized that these regulations provide banks with “clear” guidelines, making the transition from traditional finance to digital assets more structured and seamless.
European Banks Join the Digital Asset Race
Taurus’s move aligns with a broader trend in Europe, where financial institutions are actively integrating blockchain technology. Germany’s largest federal bank, Landesbank Baden-Württemberg, recently partnered with Austria-based Bitpanda to offer institutional crypto custody solutions.
Similarly, DZ Bank, Germany’s second-largest bank, announced plans for a crypto trading pilot in February, following the launch of its digital asset custody platform in late 2023.
Meanwhile, Solana has been experiencing a surge in adoption, positioning itself as a key player in the crypto ecosystem. Just yesterday, Franklin Templeton, a leading asset manager, expanded its OnChain U.S. Government Money Market Fund (FOBXX) to Solana. The firm is also exploring the launch of a Solana-based exchange-traded fund (ETF) in the United States.
