Taurus, a top company that builds infrastructure for digital assets, has teamed up with Chainlink Labs, a blockchain technology company, to help big markets use tokenized assets more. We are working together to solve important problems in the tokenization space that have to do with data protection, movement across chains, and openness.
Chainlink’s data feeds will be used by Taurus as part of this partnership to provide important market prices, reference data, and identifying data for tokenized assets. These changes will make it easier to make deals and give accurate information about the current state of assets, which will make things run more smoothly across all blockchain networks.
Taurus’s Global Head of Strategic Partnerships, Juergen Hofbauer, talked about how tokenization is opening up new possibilities. He did say, though, that adding accurate off-chain data to these assets, like market and identity data, is key to getting past the problems that are already there.
We think that working together with Chainlink will improve liquidity and give us deeper insights, especially when it comes to handling various blockchain systems. When financial institutions combine Chainlink’s infrastructure with Taurus’s well-known footprint in the European digital asset market, they can use this improved tokenization process to better handle their assets and find investment opportunities.
Even with these improvements, the union still has problems to solve. Concerns about regulations and unstable markets are still stopping a lot of people from using it, and the partnership will have to figure out how to deal with these problems in a field that is becoming more and more competitive.
Taurus also recently launched a partnership with Aktionariat, a Swiss fintech company, to help small and medium-sized businesses in Switzerland trade tokenized shares. These businesses will be able to turn their shares into blockchain tokens on the Ethereum network that can be traded on Taurus’ Digital Exchange by using Aktionariat’s tokenization tool. RealUnit, an investment company, will be in charge of the first test of this new option, which should start in November.
