Deutsche Bank Affiliate Teams Up with Surprise Forgotten Altcoin
In a surprising move, a company linked to Deutsche Bank has announced its collaboration with an overlooked altcoin network in a recent statement.
Taurus, a prominent digital asset infrastructure provider supported by Deutsche Bank, revealed its partnership with the Stellar (XLM) network. This Swiss fintech firm is renowned for offering services to major financial institutions like Deutsche Bank, Credit Suisse, and Santander.
Effective immediately, Taurus will integrate its digital asset custody platform Taurus-PROTECT and digital issuance and tokenization platform Taurus-CAPITAL with Stellar’s open-source, public blockchain. This integration will empower banks and issuers to tokenize and manage various assets on the Stellar network, customizing and automating payment flows using programmable wallet behaviors and high-level access controls.
Jürgen Hofbauer, Taurus’s Head of Global Strategic Partnerships, expressed enthusiasm about the collaboration with Stellar, highlighting its alignment with Taurus’s strategic growth in asset tokenization. This move is expected to bring benefits such as reduced fees and faster transactions for both banking and non-banking clients, enhancing efficiency across a range of tokenization applications.
Prior to this development, Taurus had offered tokenization services for Ethereum and Tezos, expanding its support to include Stellar. This announcement does not constitute investment advice.
For access to over 300 cryptocurrencies, sign up with Binance exchange through this link for a 20% COMMISSION DISCOUNT! Stay informed with exclusive news, analysis, and on-chain data by following our Telegram and Twitter accounts.
Receive Notifications from Comments Here
Notify me when new replies are posted to my comment.