{"id":126796,"date":"2025-04-09T12:16:04","date_gmt":"2025-04-09T12:16:04","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126796"},"modified":"2025-04-09T12:16:04","modified_gmt":"2025-04-09T12:16:04","slug":"crypto-fintech-taurus-launches-interbank-network-for-digital-assets","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126796","title":{"rendered":"Crypto fintech Taurus launches interbank network for digital assets"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsSwiss cryptocurrency fintech Taurus has launched an interbank network that is purpose-built for regulated institutions involved in digital asset operations.<br \/>\nOn April 9, Taurus announced it launched Taurus-Network (TN), an interbank network designed to simplify and improve digital asset transactions between regulated financial institutions worldwide, the firm said in an announcement shared with Cointelegraph.<br \/>\nTaurus\u2019 TN aims to improve collateral mobility, optimize settlement speed and reduce counterparty risk while benefiting capital and liquidity management in digital assets.<br \/>\nAmong the key benefits of the network is the ability for participants to retain full sovereignty over assets, direct interaction with counterparties and automated compliance without third-party intervention, Taurus SA\u2019s head of product infrastructure, Vassili Lavrov, told Cointelegraph.<br \/>\nMultiple banks already involved<br \/>\nThe Taurus-Network launches with participation from several banks worldwide, including Arab Bank Switzerland, Capital Union Bank, Flowdesk, ISP Group, Misyon Bank and Swissquote.<br \/>\nAccording to Lavrov, all of those banks have taken meaningful steps to integrate digital asset capabilities within their operations, with most of them already offering custody of cryptocurrencies to their clients.<br \/>\n\u201cBy building on Taurus\u2019 relationships with over 35 banking clients across four continents, the network is positioned to become the default infrastructure layer for compliant, high-trust digital asset activity,\u201d the exec noted.<br \/>\nA blockchain-agnostic network<br \/>\nAs Taurus expects to tap major global regulated financial institutions for its network, the firm ensures that interoperability is among its core strengths.<br \/>\nThe Taurus-Network is blockchain-agnostic and supports both public and permissioned distributed ledger technologies, Lavrov said, adding:<br \/>\n\u201cIt\u2019s engineered to enable seamless interaction across different digital asset types, whether cryptocurrencies, tokenized securities, or digital currencies.\u201d<br \/>\nHe also added that the network is designed to interoperate across public and permissioned blockchains, so institutions \u201caren&#8217;t locked into one system.\u201d<br \/>\nThis is a developing story, and further information will be added as it becomes available.<br \/>\nMagazine: XRP win leaves Ripple and industry with no crypto legal precedent set<a href=\"https:\/\/cointelegraph.com\/news\/taurus-crypto-fintech-interbank-network-digital-asset?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsSwiss cryptocurrency fintech Taurus has launched an interbank network that is purpose-built for regulated institutions involved in digital asset operations. On April 9, Taurus announced it launched Taurus-Network&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126796"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126796"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126796\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126796"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}