Banking Software Provider Temenos Brings Crypto Asset Access to Clients

17 May 2021

Temenos, a provider of banking software, has teamed up with crypto firm Taurus to enable access to digital assets for clients.

  • The two Switzerland-based firms will aim to “bridge the gap between traditional investments and digital assets,” said Temenos product director Alexandre Duret, according to an announcement Monday.
  • Taurus recently received a securities license from the Swiss Financial Market Supervisory Authority (FINMA) to operate an independent regulated digital assets marketplace.
  • Taurus offers tokenization, staking, decentralized finance (DeFi) and digital currencies within its platform, to which Temenos’ more than 3,000 institutional clients will now have access.
  • The integration is aimed towards making it easier for banks to offer trading of digital assets to their clients through Taurus’ products offering hot, warm and cold custody and API-based connectivity to more than 10 blockchain protocols.
  • Changes to Swiss regulations in February now give tokenized securities traded on a blockchain the same legal standing as digital assets.

Also read: Digital Assets Firm Taurus Integrates Aave Protocol to Improve Banking Access to DeFi

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