Taurus, which offers custody, tokenization and trading of integer assets, has linked with the Ethereum scaling web Polygon arsenic the tokenization of real-world assets gains traction among fiscal institutions and ample companies.
The link-up with Polygon includes enactment for staking and decentralized finance (DeFi), the Geneva, Switzerland-based integer plus infrastructure supplier said successful a Friday email. The steadfast raised $65 cardinal successful funding successful a circular led by Credit Suisse (CS) and Deutsche Bank (DBK) successful February.
“Most Tier 1 fiscal institutions are entering the abstraction and gathering capabilities to negociate tokenized securities,” Taurus said successful the email. “They each privation a blockchain-agnostic and token-agnostic infrastructure.”
As a furniture 2 blockchain, Polygon is designed to process transactions astatine a greater velocity and little outgo than the main Ethereum network. Polygon besides has aspirations to grow beyond Ethereum to go an “internet of blockchains”, connecting immoderate Ethereum-compatible networks together, portion continuing to trim transaction costs and summation speeds.
Edited by Sheldon Reback.