{"id":130097,"date":"2025-05-27T12:15:33","date_gmt":"2025-05-27T12:15:33","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130097"},"modified":"2025-05-27T12:15:33","modified_gmt":"2025-05-27T12:15:33","slug":"taurus-parafin-partnership-to-provide-crypto-infrastructure-to-institutions","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130097","title":{"rendered":"Taurus, Parafin partnership to provide crypto infrastructure to institutions"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsFintech companies Taurus and Parafin have partnered to deliver blockchain infrastructure to financial institutions in Europe and Latin America \u2014 a move aimed at accelerating the adoption of crypto custody and settlement services across both regions.<br \/>\nAs part of the partnership, Taurus has integrated its product suite into Parafin\u2019s institutional platform, creating an end-to-end solution for digital asset management, including custody, governance, and compliant token issuance, the companies announced on May 27.<br \/>\nFinancial institutions using the integrated Taurus-Parafin solution will gain access to custody and tokenization services, real-time wallet execution and a full range of trading capabilities.<br \/>\nTaurus is an enterprise digital asset custody and tokenization solution that enables businesses to issue, store and trade a range of crypto products.\u00a0<br \/>\nParafin, by contrast, is not a blockchain-native company; instead, it offers financial infrastructure and merchant services for small businesses. In December, the company was valued at $750 million following a $100 million late-stage funding round.\u00a0<br \/>\nTaurus said the Parafin partnership gives it deeper inroads into Latin America, a region known for its heightened crypto adoption.\u00a0<br \/>\nCrypto transactions are on the rise in Latin America. Source: ChainalysisRelated: Turkish digital bank Bankpozitif to debut crypto custody with Taurus<br \/>\nInstitutional interest in Bitcoin and crypto is growing<br \/>\nWhile the relationship between financial institutions and digital assets has been complex and evolving, a wave of positive regulatory developments in the US and globally has spurred broader adoption.<br \/>\nBanks are increasingly offering custody services for digital assets, while some institutions now facilitate crypto trading and investment. Several large banks, including JPMorgan, have also experimented with blockchain technology.\u00a0<br \/>\nA significant turning point came in April, when the US Federal Reserve eased restrictions on financial institutions engaging in cryptocurrency activities. Bitcoin (BTC) advocate Michael Saylor called the move a major milestone for banks looking to support digital assets.<br \/>\nOn May 23, The Wall Street Journal reported that a group of major banks, including Bank of America, Wells Fargo, Citigroup and JPMorgan, has been discussing potentially issuing a stablecoin.\u00a0<br \/>\nIf you can\u2019t beat them, join them? An excerpt from NYU professor Austin Campbell\u2019s recent X post claiming that the US banking lobby is \u201cpanicking\u201d about yield-bearing stablecoins. Source: Austin CampbellThe report surfaced amid rising speculation that the US banking sector sees yield-bearing stablecoins as a potential threat to its traditional business models.<br \/>\nRelated: Institutional Bitcoin buying may soon price out retail \u2014 LONGITUDE panel<a href=\"https:\/\/cointelegraph.com\/news\/taurus-parafin-partnership-crypto-infrastructure-institutions?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 NewsFintech companies Taurus and Parafin have partnered to deliver blockchain infrastructure to financial institutions in Europe and Latin America \u2014 a move aimed at accelerating the adoption of&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\/130097"}],"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=130097"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130097\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130097"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}