Taurus SA, a Swiss digital asset infrastructure provider backed by Deutsche Bank and Credit Suisse, has partnered with the decentralized oracle service Chainlink to fast-track the tokenized asset adoption by global financial institutions.
According to the announcement shared with Cryptonews, the partners will work to solve three crucial challenges in the tokenized asset space, namely security, data, and asset mobility.
Lastly, Taurus will incorporate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for cross-chain connectivity.
Next, it will integrate Chainlink Proof of Reserve to increase reserve transparency and protect users from over-issuance risks.