Taurus and Chainlink Collaborate to Drive Adoption of Tokenize Assets

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Coin79
10-02
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Under the agreement, Taurus will integrate Chainlink solutions into its platform, including:

  1. Data Services : Use Chainlink 's data services to provide market price information, reference data, and identity verification for Tokenize assets.

  2. Proof of Reserve : Adopt Chainlink 's Proof of Reserve feature to ensure transparency and accuracy in representing reserves.

  3. Cross- Chain Interoperability Protocol (CCIP) : Integrates Chainlink's CCIP, enabling the transfer of Tokenize assets across multiple blockchains, both public and private.

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“By leveraging Chainlink’s industry-leading infrastructure, we can provide institutional clients with superior liquidation and data integrity for Tokenize assets,” said Juergen Hofbauer, Global Head of Strategic Partnerships at Taurus. “This partnership is fully aligned with our mission to provide the most advanced and secure digital asset infrastructure on the market.”

The importance of cooperation

The partnership between Taurus and Chainlink is significant for the digital finance industry for the following reasons:

  1. Increased Transparency : Improve transparency and trust for Tokenize assets, a key factor in attracting traditional financial institutions.

  2. Interoperability : Expand interoperability between blockchains, facilitating seamless and efficient transfer of digital assets.

  3. Real-world data : Providing real-world data for Tokenize assets, enhancing their value and applicability in financial transactions.

About partner companies

Taurus : Founded in 2018 in Switzerland, Taurus is a pioneer in providing enterprise-grade digital asset infrastructure. The company specializes in solutions for issuing, custodying, and trading digital assets, serving leading financial institutions.

Chainlink Labs : Is the main developer behind Chainlink, a platform that supports on- chain data and cross- chain interoperability. According to the company, the Chainlink platform has supported over $15 trillion in transactions, affirming its important position in the blockchain ecosystem.

Industry Trends

The partnership between Taurus and Chainlink is not an isolated case. Recently, many large financial institutions have begun to explore the potential of blockchain technology and Tokenize assets. Notably, Fidelity International and crypto bank Sygnum also announced partnerships with Chainlink earlier this year, indicating a growing trend of blockchain technology adoption in the traditional financial sector.

Taurus and Chainlink partnership marks a significant step forward in the integration of Tokenize assets into the global financial system. This opens up enormous potential for innovation and efficiency in digital asset management, while creating new opportunities for financial institutions to expand their portfolios and improve customer service.

As regulations on digital assets become clearer and technology continues to evolve, it can be predicted that more similar initiatives will emerge in the near future, driving digital transformation in the global financial industry.

The article Taurus And Chainlink Collaborate To Drive Adoption Of Tokenize Assets appeared first on Coin79 - Update Coin News and Crypto Investment Knowledge .

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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