Taurus, a Swiss-based digital asset company, announced the expansion of its custody and token services to the Solana blockchain. This significant development highlights the increasing connection between traditional finance and blockchain technology.
Benefits of Taurus Expansion
Taurus’s move to Solana comes at a strategic time as institutions are seeking secure and scalable solutions for digital asset management. Solana’s design offers fast transaction processing and scalability, making it a good option for businesses dealing with digital assets. Taurus’s expansion showcases its commitment to leveraging blockchain technology to enhance financial services.
Paving the Way on Stellar Network
Last year, Taurus expanded its services to the Stellar Network, offering its Taurus-PROTECT and Taurus-CAPITAL platforms to clients on the open blockchain. This strategic move aims to increase service accessibility and strengthen global financial infrastructure.
Taurus's Global Expansion
In 2023, the Swiss firm raised $65 million to develop its platform for global reach. The funds were used to hire top engineering talent and establish new client relationships, maintaining high standards of security and compliance.
Taurus’s expansion into Solana and Stellar Network demonstrates the growing importance of blockchain technology in the financial industry. It also showcases institutional investors' confidence in these platforms' potential.
