Chainlink is partnering with Taurus to drive the adoption of tokenized assets among financial institutions. This collaboration, announced on Wednesday, aims to leverage Chainlink's platform to enhance tokenized assets with real-world data and ensure compatibility across multiple blockchains.
Taurus plans to integrate Chainlink’s data services, which include market prices, reference information, and identity verification. Furthermore, Chainlink’s Proof of Reserve feature will ensure transparency by verifying the accurate representation of reserves.
Additionally, Taurus will adopt Chainlink’s Cross-Chain Interoperability Protocol (CCIP), previously tested in a proof of concept involving the bridging of USDC across different blockchains. CCIP enables the seamless transfer of tokenized assets across any public or private blockchain.
Juergen Hofbauer, global head of strategic partnerships at Taurus, stated, "By leveraging Chainlink's industry-leading infrastructure, we're able to offer our institutional clients unparalleled liquidity and data integrity for their tokenized assets." He emphasized that this collaboration aligns with Taurus's mission to provide the most sophisticated and secure digital asset infrastructure in the market.
Taurus, founded in 2018, is a Swiss company offering enterprise-grade digital asset infrastructure for issuing, custodying, and trading digital assets. Meanwhile, Chainlink Labs is the main developer behind Chainlink, focusing on on-chain data and cross-chain interoperability, having facilitated over $15 trillion in transactions.
Earlier this year, Fidelity International and crypto bank Sygnum also partnered with Chainlink, highlighting the growing importance of reliable data services in the crypto space.
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