Banking Software Provider Temenos Brings Crypto Asset Access to Clients

Temenos, a provider of banking software, has teamed up with crypto-technology firm Taurus to give clients access to digital assets.

• The two Switzerland-based firms will aim to “bridge the gap between traditional investments and digital assets,” Temenos product director Alexandre Duret said in a press release Monday.
• Taurus recently received a securities license from the Swiss Financial Market Supervisory Authority (FINMA) to operate an independent regulated digital assets marketplace.
• Taurus offers tokenization, staking, decentralized finance (DeFi) and digital currencies on its platform, and now Temenos’ institutional clients will have access to that platform.
• The integration is aimed toward making it easier for banks to offer trading of digital assets to their clients through Taurus’ products by enabling custody of digital assets and offering connectivity to more than 10 blockchain protocols.
• Changes to Swiss regulations in February now give tokenized securities traded on a blockchain the same legal standing as digital assets.

Also read: Digital Assets Firm Taurus Integrates Aave Protocol to Improve Banking Access to DeFi