Taurus links digital asset platforms to Swift’s blockchain ledger

Digital asset infrastructure provider Taurus has integrated its tokenization and custody platforms with the Swift blockchain-based ledger to facilitate cross-border payments. This integration allows Taurus clients to connect their existing infrastructure to the Swift network, enabling the use of bank-issued tokenized deposits for settlement. The move marks a significant step in bridging traditional banking systems with distributed ledger technology, as Taurus expects the first institutional client integrations to go live within days. Initial transactions facilitated through the platform are anticipated to occur within weeks, signaling rapid adoption of the infrastructure. Swift’s ledger acts as an orchestration layer, coordinating transfers between participating banks before final settlement occurs through established arrangements like real-time gross settlement systems. This development follows successful pilot tests by major institutions, including Standard Chartered and HSBC, which recently completed the first live cross-border transaction on the ledger. By streamlining the interoperability of tokenized deposits, this partnership enhances the efficiency and speed of global institutional payments.