Deutsche Bank-backed Taurus unveils new confidential token standard

Swiss blockchain infrastructure supplier Taurus has introduced a brand new confidential token normal for establishments.

Taurus, a Swiss digital asset infrastructure supplier backed by Deutsche Financial institution and Credit score Suisse, has launched an open-source confidential token normal for debt and fairness tokenization for monetary establishments to tokenize monetary belongings on public blockchains whereas conserving buyer privateness intact.

The good contract is designed in collaboration with the Aztec Basis to present issuers management over who can see details about tokenized belongings with out compromising compliance, the Swiss agency stated in a press launch shared with crypto.information.

The tech makes use of Aztec Community’s layer-2 protocol and zero-knowledge proofs to maintain blockchain transactions personal. The code, written in Noir, an open-source language for zero-knowledge apps, additionally implements a personal model of the CMTAT safety token.

“This addresses a serious concern for privateness and regulatory alignment in public blockchain environments, with out jeopardizing compliance good standing.”

Taurus

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Taurus Chief Safety Officer JP Aumasson, who led the event of the initiative, says tokenizing monetary devices on public blockchains “unlocks immense potential” because it bridges the hole between “institutional wants and decentralized applied sciences.” The open-source code is now obtainable on GitHub for testing and public entry.

In mid-February, Taurus launched its enterprise-grade custody and tokenization platform, Taurus-CAPITAL, on the Solana blockchain.

The transfer permits banks and monetary establishments to retailer, handle, and subject digital representations of real-world belongings like shares, bonds, or actual property on Solana. As crypto.information reported earlier, the platform integrates Taurus-PROTECT for safe storage and staking of Solana-based belongings and Taurus-CAPITAL for issuing programmable tokenized belongings.

Learn extra: Bison expands banking community with Deutsche Financial institution partnership