Taurus a fintech startup broadens its custody and issuance platforms to include Stellar blockchain technology

Taurus, a fintech startup specializing in digital asset infrastructure, has expanded its custody and issuance platforms to incorporate the Stellar network.
On Monday, June 24, Taurus, which is regulated by FINMA, announced the expansion, stating that both Taurus-PROTECT and Taurus-CAPITAL are now operational on Stellar. These platforms provide custody and digital issuance and tokenization services, respectively.
This integration means that Taurus will now offer custody services for any assets tokenized on Stellar. Additionally, the firm’s technology will support asset-agnostic issuance on the crypto platform.
Jürgen Hofbauer, head of global strategic partnerships at Taurus, expressed the company’s excitement about the integration, stating, “Integration with Stellar seamlessly aligns with Taurus’ strategic growth as the blockchain has been optimized and built for asset tokenization.”
This expansion is seen as a significant milestone for the adoption of real-world asset (RWA) tokenization. Stellar’s public blockchain has gained increased attention due to recent developments in asset tokenization, and the collaboration with Taurus further contributes to this growth.
By expanding to Stellar, Taurus aims to provide its banking and non-banking clients with access to a variety of tokenization use cases. This will result in faster transactions and reduced fees, improving efficiency across structured products, debt, equity, central bank digital currencies (CBDCs), funds, and tokenized deposits.
Roberto Durscki, a senior director at the Stellar Development Foundation, emphasized the importance of the collaboration, stating, “Collaborating with Taurus represents a significant step in advancing the adoption of tokenized real-world assets within regulated financial institutions and establishing the essential infrastructure for widespread adoption.”
The collaboration between Taurus and Stellar will enable banks and other issuers to access fully customized and automated payment flows. Users will also be able to utilize programmable wallet behaviors and other blockchain benefits for their real-world asset projects.
Taurus, established in April 2018, offers more than just digital asset custody and issuance services. In addition to serving over 30 financial institutions and corporations through its Taurus-PROTECT platform, the company also provides TDX, a regulated crypto assets marketplace, and Taurus-EXPLORER, a secure interface with over 20 blockchain networks.
Global institutions like Franklin Templeton and WisdomTree have already taken advantage of Stellar’s blockchain technology for their tokenization initiatives. Circle also launched its USDC stablecoin on Stellar in 2021 and introduced EURC in September of last year.