Taurus connects its tokenization stack to Swift’s blockchain ledger, opening banks to 24/7 tokenized deposit payments Swiss digital-asset infrastructure provider Taurus has integrated its custody and tokenization platforms with Swift’s new blockchain-based shared ledger, giving banks a practical on-ramp to use bank-issued tokenized deposits for round-the-clock cross-border payments. What happened - Taurus linked Swift smart contracts to its Taurus‑CAPITAL (issuance/management) and Taurus‑PROTECT (wallets/key management) products on clients’ permissioned blockchain infrastructure. - The company says the first client connections are expected within days, and the first distributed ledger transactions using the Swift integration should follow within weeks. - Existing Taurus customers can add the Swift connection to production infrastructure quickly; banks without in‑house blockchain nodes can use Taurus’s managed Hyperledger Besu environment with EVM connectivity. Taurus will also connect its tooling to institutions’ existing Besu or other EVM-compatible nodes. Why it matters - The integration gives financial firms a straightforward path to participate in Swift’s tokenized-deposit network while keeping deposits on their own balance sheets and preserving existing compliance, credit and settlement processes. - Swift’s ledger acts as an orchestration layer: it coordinates movement of tokenized deposits between banks while final settlement still occurs via established mechanisms (including RTGS). That lets cross‑border payments operate outside traditional business-hour overlaps — overnight and on weekends. - Tokenized deposits differ from stablecoins because the underlying money remains within the commercial banking system and under bank regulatory frameworks, rather than being held in a separate pooled structure. How Taurus’s components fit - Taurus‑PROTECT: programmable wallets, key management, governance rules, approval workflows and API automation — the operational layer for custody and control. - Taurus‑CAPITAL: issuance and lifecycle management for bank-issued tokenized money, while leaving the underlying deposit on the issuing bank’s ledger. - Deployment options: a managed Besu service for banks without nodes; direct connectivity for institutions running Besu/EVM nodes; or a fast extension for existing Taurus‑PROTECT customers. Context and traction - Swift moved its shared ledger into initial deployment in July after about nine months of development. At rollout, 17 banks across six continents were preparing to test tokenized deposit payments, including HSBC, Citi, BNP Paribas, UBS, ANZ, DBS and Standard Chartered. - More than 40 institutions contributed to designing the system; Swift’s wider messaging network already connects over 11,500 financial institutions and companies across 200+ markets. - The model has already seen production activity: Standard Chartered and HSBC completed the first live cross‑border transaction using separate tokenized deposit systems connected through Swift’s infrastructure. Separately, HSBC executed a blockchain issuance of a digitally native structured product using tokenized USD notes in July. Taurus’s broader product roadmap - The Swift integration extends Taurus’s stack, which already bundles custody, tokenization, blockchain connectivity and staking services for institutional clients. - In June, Taurus added institutional staking through an integration with P2P.org, giving Taurus‑PROTECT users access to validator infrastructure while preserving custody and operational workflows. Staking connectivity covers Ethereum (at launch) and other proof‑of‑stake networks including Solana, Polkadot, Cosmos, NEAR, Cardano and Tezos; P2P.org reported over $10 billion in delegated assets across 50+ networks at the time. - Taurus has expanded its tokenization reach as well — Taurus‑CAPITAL was extended to Solana in February 2025, enabling programmable tokenized assets on that chain. Customers and partnerships - Taurus lists institutional clients including State Street, Deutsche Bank, Santander and CACEIS. Deutsche Bank backed Taurus in a $65 million funding round and continues to collaborate with the Swiss firm on institutional custody infrastructure. - The company also increased its U.S. presence, opening a New York office in October 2025. Quote Taurus co‑founder and managing partner Lamine Brahimi framed the deal as a practical bridge between new digital-asset capabilities and the systems banks already run: the Swift connectivity “allows banks to extend their digital asset capabilities into tokenized deposits and cross‑border payments while retaining control over their infrastructure,” he said. Bottom line Taurus’s Swift integration gives banks three quick paths into a growing tokenized-deposit payments layer: a managed Besu service, direct node connectivity, or a rapid extension for existing Taurus users. With early tests and live transactions already underway, the move marks another step toward mainstreaming bank-issued tokenized money for faster, always‑on cross‑border payments. 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