Taurus integrates with Swift ledger for tokenized deposit payments

Digital asset infrastructure provider Taurus has connected its tokenization and custody platforms to Swift’s blockchain-based shared ledger, giving financial institutions a route to use bank-issued tokenized deposits for round-the-clock cross-border payments. Summary Taurus has connected its custody and tokenization platforms to Swift’s blockchain ledger. The first client integrations are expected within days, followed by initial DLT transactions within weeks. Banks can use the connection for cross-border payments involving bank-issued tokenized deposits. Swift’s ledger has already processed its first live cross-border transaction between Standard Chartered and HSBC. Taurus said Wednesday that the integration connects Swift smart contracts with Taurus-CAPITAL and Taurus-PROTECT on clients’ permissioned blockchain infrastructure, with the first client connections expected within days and initial distributed ledger transactions planned within weeks. Existing Taurus clients can add the connection to infrastructure already running in production, while banks without their own blockchain systems can use managed Hyperledger Besu infrastructure and Ethereum Virtual Machine connectivity sup...