Swiss blockchain startup Taurus has introduced an open-source token standard aimed at enhancing the digital assets market, specifically for debt and equity transactions.
The new standard, developed in collaboration with the Aztec Foundation, allows banks to issue tokenized financial instruments on public or permissionless blockchains while ensuring user privacy in line with securities regulations.
Taurus has partnered with several investment banks and custodians, including State Street and Deutsche Bank, to provide the infrastructure necessary for these banks to offer digital assets trading to their clients.
JP Aumasson, chief security officer at Taurus, emphasized that the launch of this standard will help unlock the “immense potential” of tokenization as an investment tool. He stated, “By enabling private, compliant transfers, we bridge the gap between institutional needs and decentralized technologies.”
Arnaud Schenk, executive director and board member of the Aztec Foundation, noted that “privacy is foundational for financial institutions to adopt blockchain technology at scale.” He added, “A fully private CMTAT standard as implemented by Taurus represents an important milestone for the industry and demonstrates how on-chain programs can meet both institutional and regulatory requirements.”