Today, Taurus, a leading digital asset and tokenization platform, and Chainlink Labs, the primary contributing developer of industry-standard decentralized computing platform, Chainlink, announced a strategic collaboration to accelerate institutional adoption of tokenized assets.
Taurus’ comprehensive platform spanning issuance, custody, and trading will integrate Chainlink’s full stack of essential tokenization infrastructure including Data Feeds, Proof of Reserve (PoR), and Cross-Chain Interoperability Protocol (CCIP) to enhance the utility and liquidity of tokenized assets for institutional clients.
These services leverage Chainlink’s industry-leading decentralized oracle network, which has securely enabled over $15 trillion in transaction value, to create and secure tokenized real-world assets throughout their entire life cycle on virtually any blockchain.
Data Feeds continuously update tokenized assets by delivering accurate, reliable, tamper-proof market data onchain; PoR cryptographically verifies in real time that onchain assets are fully collateralized by cross-chain or offchain assets; and CCIP unlocks new use cases for tokenized assets by allowing them to flow freely between private bank chains and public DeFi applications.
Founded in 2018, Taurus provides enterprise-grade infrastructure for banks and traditional financial institutions to issue, custody, and trade a range of digital assets. Integrating with Chainlink allows Taurus to unlock tokenized assets that serve as a golden record by collecting and maintaining critical information about the asset as it moves throughout the cross-chain economy.
“Our collaboration with Chainlink marks a significant milestone in the evolution of tokenized assets,” said Juergen Hofbauer, Global Head of Strategic Partnerships at Taurus, in an official announcement.
“By leveraging Chainlink’s industry-leading infrastructure, we’re able to offer our institutional clients unparalleled liquidity and data integrity for their tokenized assets. This collaboration aligns perfectly with our mission to provide the most sophisticated and secure digital asset infrastructure in the market.”
Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, described the work between Taurus and Chainlink as a vital step in addressing the challenges preventing tokenization’s mainstream adoption.
“Taurus’ integration of the Chainlink platform demonstrates the growing demand for secure data and cross-chain infrastructure in the tokenized asset economy,” she said. “This collaboration will help drive the adoption of tokenized assets among major financial institutions, further solidifying the role of blockchain technology in reshaping global capital markets.”