Taurus, a Swiss digital asset infrastructure company backed by Deutsche Bank, has unveiled Taurus-Capital, a new platform built on the Solana blockchain designed to help financial institutions tokenize real-world assets.
The platform will allow banks and other issuers to custody and stake Solana-based tokenized assets through Taurus-Protect, the company’s custody platform, and to create and manage new tokenized assets on Taurus-Capital.
Taurus emphasized the blockchain’s high transaction speed and low cost as key advantages for its clients, enabling greater efficiency in automating financial processes.
“By leveraging Solana’s high throughput and low latency, Taurus clients can achieve unprecedented levels of efficiency, enabling seamless automation of financial workflows and payment processes.,” the company said in a statement.
Jürgen Hofbauer, head of global strategic partnerships at Taurus, explained that the Solana integration was driven by institutional demand for real-world asset (RWA) tokenization solutions.
He noted that the platform will support the tokenization of a wide range of assets, including equity, debt, structured products, funds, tokenized deposits, and even central bank digital currencies (CBDCs), while reducing costs and operational complexities.
Tokenized Real-World Assets Grow on Solana
The RWA sector, which involves tokenized traditional financial and physical assets on a blockchain to improve accessibility and liquidity, is experiencing rapid growth on the Solana network.
Taurus, which raised $65 million in a Series B funding round in 2023 with participation from major financial players like Credit Suisse and Deutsche Bank, believes the digital asset industry has the potential to reach a value of over $10 trillion through the digitization of private assets.
Just this week Franklin Templeton brought its OnChain U.S. Government Money Market Fund (FOBXX) to the Solana blockchain. The move makes the third-largest tokenized money market fund available on a platform increasingly favored for new token issuance and decentralized trading over its low transaction costs and fast throughput.
