Today banking software provider Temenos with a market capitalization of CHF 10 billion ($11 bn), announced that it integrated Temenos Transact with Taurus SA, the Swiss digital asset infrastructure provider. The solution supports cryptocurrencies, Decentralized Finance (DeFi), all types of tokenized assets as well as digital currencies.
The startup recently received a securities license from FINMA, the Swiss regulator and launched the Taurus Digital eXchange (TDX) last month. At the time, Taurus said it was onboarding several banks, including Arab Bank Switzerland, FlowBank, Hypothekarbank Lenzburg and SEBA Bank, as well as real estate firms Investis Group and Stoneweg. Taurus provides digital asset custody, an institutional crypto-asset trading desk, and the ability for banks to create new tokenized assets.
“We believe that digital assets represent new opportunities for banks and wealth managers,” said Alexandre Duret, Product Director at Temenos, noting the investor awareness in cryptocurrency performance as an asset class.
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