Banking Software Provider Temenos Brings Crypto Asset Access to Clients

An integration with crypto firm Taurus will bring a variety of digital assets to Temenos’ banking and institutional clients.

May 17, 2021 at 11:05 a.m. UTC
Updated Sep 14, 2021 at 12:56 p.m. UTC

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

  • The two Switzerland-based firms will aim to “bridge the gap between traditional investments and digital assets,” Temenos product director Alexandre Duret said in a press release 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 on its platform, and now Temenos’ institutional clients will have access to that platform.
  • The integration is aimed toward making it easier for banks to offer trading of digital assets to their clients through Taurus’ products by enabling custody of digital assets and offering 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.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
The Curious Case of Coinbase's India Communications Strategy

Reverberations remain from the company's ill-fated Indian launch.

Reverberations remain from the company's ill-fated Indian launch.

CoinDesk - Unknown
2
CoinDesk - Unknown
First Mover Asia: Crypto Carbon Trading Is Racing to Clean Up Its Act; Cryptos Drop Even as Stocks Rise

Carbon credit protocols have had a difficult time in recent months but have been working to improve the way they operate; bitcoin outperformed other major cryptocurrencies in Thursday trading.

Carbon credit protocols have had a difficult time in recent months but have been working to improve the way they operate; bitcoin outperformed other major cryptocurrencies in Thursday trading.

CoinDesk - Unknown
3
CoinDesk - Unknown
Terra Devs Need a Home. Other Blockchains Are Courting Them

Armed with multimillion-dollar ecosystem funds, chains like Polygon and Kadena are trying to woo coders whose work is endangered by Terra’s meltdown.

Armed with multimillion-dollar ecosystem funds, chains like Polygon and Kadena are trying to woo coders whose work is endangered by Terra’s meltdown.

CoinDesk - Unknown
4
CoinDesk - Unknown
Circle Recommends Against a Digital Dollar, and Ethereum Beacon Chain Suffers Longest ‘Reorg’ in Years

The most valuable crypto stories for Thursday, May 26, 2022.

The most valuable crypto stories for Thursday, May 26, 2022.

CoinDesk - Unknown