Chainlink and Taurus team up to accelerate tokenised asset adoption

Chainlink (CRYPTO:LINK) has partnered with Taurus, a Swiss digital asset infrastructure provider backed by Deutsche Bank and Credit Suisse, to advance the adoption of tokenised assets among global financial institutions. 

The collaboration aims to address key challenges in the tokenised asset space, including security, data integrity, and asset mobility. 

Taurus will integrate Chainlink’s decentralised services, starting with Chainlink Data Feeds, providing market pricing and identity data for tokenised assets. 

It will also adopt Chainlink’s Proof of Reserve to enhance transparency and prevent over-issuance risks. 

Lastly, Taurus will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for seamless connectivity between blockchains, increasing liquidity and improving cross-chain interoperability. 

Juergen Hofbauer, Taurus’ Global Head of Strategic Partnerships, remarked that Chainlink’s infrastructure will enable them to offer institutional clients "unparalleled liquidity and data integrity for their tokenized assets." 

Similarly, Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, emphasised that this partnership will drive tokenised asset adoption in the financial sector. 

By incorporating Chainlink’s solutions, Taurus aims to facilitate the faster time-to-market for any class of tokenised assets on any blockchain. 

The collaboration is expected to bolster the growth of tokenised assets, making blockchain technology more accessible to traditional financial institutions. 

This announcement follows Taurus’ recent partnership with Aktionariat AG, creating a regulated secondary market for tokenised shares of small and midsized enterprises (SMEs). 

Chainlink has facilitated over $15 trillion in transaction value and continues to collaborate with major financial institutions such as Swift, ANZ, and Fidelity International. 

At the time of reporting, the Chainlink price was $10.53.