Imagine a world where digital assets flow harmoniously within traditional banking systems, erasing the barriers between the old and the new. Thanks to the collaboration between Taurus and Temenos, this vision is taking shape. By integrating its Taurus-PROTECT solution with Temenos’ central banking platform, Taurus enables financial institutions to effortlessly manage their digital assets. This alliance marks a significant advancement, propelling banks into an era where cryptocurrencies and tokenized assets coexist with conventional banking services, thus offering new opportunities for growth and innovation.
The revolutionary collaboration between Taurus and Temenos
Taurus, a Swiss fintech, has expanded its partnership with banking solution provider Temenos to allow banks to rapidly launch large-scale digital asset services.
This is the first time the Taurus-PROTECT custody solution has been integrated into the central banking platform of Temenos, allowing banks to manage digital assets directly from their core banking systems.
This integration enables financial institutions to create and manage digital wallets, execute transfers, and handle a variety of digital assets, including cryptocurrencies and tokenized assets on public and private distributed ledger technologies.
Key features include one-click wallet creation, automated transfers, and real-time recording, thereby minimizing manual efforts and operational risks.
Through this collaboration, banks can not only secure a wide range of digital assets but also innovate significantly, opening new pathways for growth while reducing complexity and costs by eliminating additional interfaces.
A major technological advancement for banks
The recent collaboration between Taurus, a Swiss-based financial technology company, and Temenos, a leader in providing core banking solutions, marks a pivotal turning point in digital asset management. The integration of the Taurus-PROTECT custody solution into the Temenos core banking system now allows banks to manage digital assets directly from their core management systems. This advancement revolutionizes how financial institutions handle digital assets, providing them with simplified and secure access to a world of opportunities. With this collaboration, banks can now create and manage digital wallets, make transfers, and process various digital assets, including cryptocurrencies and tokenized assets, with unprecedented fluidity.
Meeting growing global demand
With the relentless increase in global demand for digital assets, and the growing clarity of regulatory frameworks, financial institutions are positioned to capitalize on this expanding market. The integration not only reduces manual steps but also minimizes operational risks through features such as one-click wallet creation, automated transfers, and real-time booking. Experts predict that the market value of tokenized assets could reach trillions by 2030, and the integration between Taurus-PROTECT and the Temenos central system positions banks to take advantage of this expansion. It provides them with a robust and efficient infrastructure that bridges the gap between traditional and digital services.
A simplification of digital banking operations
With the integrated approach offered by Taurus and Temenos, banking institutions have the opportunity to quickly enter the digital asset market in a simplified manner. This could lead to significant cost reductions by eliminating the need for additional interfaces and reducing reliance on external systems. Alexandre Duret, Senior Product Director at Temenos, emphasizes that this complete integration enables banks to offer digital assets alongside traditional services, thereby decreasing complexity and lowering barriers to entry.
