Taurus, a company based in Switzerland, has integrated Layer-2 network Polygon with its custody and tokenization platforms Taurus-PROTECT and Taurus-CAPITAL. Polygon integration includes the native token MATIC and smart contracts.
Taurus and Polygon Collaborate for TradFi
According to a June 2 announcement, the integration will enable the Swiss company to assist traditional financial institutions tokenize any real-world asset and manage it using a fully automated procedure.
Predictions of Taurus
Taurus predicted that the market for digital assets would surpass $10 trillion in the years to come, particularly as regulators begin to make clear the frameworks for the industry and its different facets. The tokenization of private assets, according to the company, is the next trillion-dollar opportunity that will drive the market’s valuation up to that level.
Most Tier 1 financial institutions are entering the space and building capabilities to manage tokenized securities. They all want a blockchain-agnostic and token-agnostic infrastructure.
Taurus
The company claimed that it has been attempting to meet this need since 2020 and will keep making efforts to give clients as many options as is practical while continuing to adhere to legal requirements in all operational areas. Last but not least, the company cited Polygon’s extensive ecosystem, incredibly low transaction costs, and fast throughput as reasons for choosing it as its preferred blockchain.
About Taurus
Distributed ledger technologies and blockchain, according to the corporation, will have a growing and positive impact on the economy, beginning with capital markets, whose infrastructure was created decades ago. In this direction, to build one of the first regulated digital asset exchanges, they decided to establish Taurus in 2018.
About Polygon
A blockchain platform Polygon (formerly known as Matic Network) attempts to develop a multi-chain blockchain network that is interoperable with Ethereum. Similar to Ethereum, it processes transactions on-chain via a proof-of-stake consensus method.
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