The Block reported on Wednesday that Swiss fintech firm Taurus has unveiled a groundbreaking platform called Taurus-NETWORK, designed to facilitate digital asset collaboration among global financial institutions.
The Taurus Network is engineered to mitigate counterparty risk while supporting a wide array of financial applications, including asset-backed lending, real-time settlement, and operational automation. Developed for clients of Taurus’s institutional custody solution, Taurus-PROTECT, the network enables users to connect and trade digital assets directly, eliminating the need for intermediaries. Vassili Lavrov emphasized that the participants can initiate or conclude transactions independently, maintaining full control over their assets without relying on Taurus as an intermediary.
The Taurus Network has already attracted over 35 institutions from 10 countries as initial partners, including Arab Bank Switzerland, Capital Union Bank, Flowdesk, ISP Group, Mission Bank, and Swissquote. Looking ahead, Taurus plans to roll out additional features and partnerships throughout 2025.