Source: Cointelegraph Original: "{title}"
Swiss cryptocurrency fintech company Taurus has launched an interbank network specifically designed for regulated institutions involved in digital asset business.
On April 9, Taurus announced in a statement shared with Cointelegraph that the company has launched the Taurus-Network (TN), an interbank network aimed at simplifying and improving digital asset trading between regulated financial institutions globally.
The network is dedicated to enhancing collateral liquidity, optimizing settlement speed, reducing counterparty risk, and assisting in the capital and liquidity management of digital assets.
Vassili Lavrov, Head of Product Infrastructure at Taurus SA, stated in an interview with Cointelegraph that the main advantages of the network include: participants can maintain full sovereignty over their assets, interact directly with counterparties, and achieve automatic compliance without third-party intervention.
The launch of the Taurus-Network has seen participation from several banks worldwide, including Arab Bank Switzerland, Capital Union Bank, Flowdesk, ISP Group, Misyon Bank, and Swissquote.
According to Lavrov, these banks have taken significant steps to integrate digital asset capabilities into their operations, with most already offering cryptocurrency custody services to their clients.
Source: Taurus
Vassili stated, "With Taurus establishing partnerships with over 35 banking clients across four continents, the network is expected to become the default infrastructure layer for compliant and highly trusted digital asset activities."
As Taurus aims to attract major regulated financial institutions globally to join its network, the company ensures that interoperability is one of its core advantages.
Vassili mentioned that the Taurus-Network employs a blockchain-agnostic design while supporting both public and permissioned distributed ledger technologies. He added:
"Its design is intended to enable seamless interaction between different types of digital assets, whether cryptocurrencies, tokenized securities, or digital currencies."
He further noted that the network is designed for interoperability across public and permissioned blockchains, so institutions "will not be locked into one system."
As some executives in the crypto industry express confidence that banks will drive the globalization of Bitcoin (BTC) by 2025, Taurus shares the same view.
"We agree that 2025 will mark a turning point for institutional adoption of Bitcoin and broader digital assets," said the Head of Product Infrastructure at Taurus, adding that increasingly mature regulations are enhancing banks' trust.
When discussing market volatility related to geopolitical issues, such as concerns over tariffs from the U.S. government, Vassili pointed out that these developments will ultimately only increase the demand for digital assets.
"Geopolitical uncertainty, including the risks of trade wars, will only strengthen the value of programmable, borderless financial instruments," he stated, adding:
"Digital assets provide transparency, speed, and sovereignty in ways that traditional channels cannot. We believe this shift is not only happening but is accelerating."
Related: Cryptocurrency executives expect global banks to drive Bitcoin development by the end of 2025.
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