Switzerland-based banking technology provider Temenos partnered with digital assets platform Taurus this week. Through the partnership, Temenos integrated Taurus’ digital asset and blockchain infrastructure with Temenos Transact, the company’s core banking software.
As a result, Temenos’ 3,000 bank and FI clients across the globe will have access to digital assets. Taurus will enable them to integrate and manage any digital asset, traditional securities, and cash.
“Investors are increasingly aware of the performance of cryptocurrencies, which can effectively participate in the diversification of a portfolio,” said Temenos Product Director Alexandre Duret. “Taurus is leading the field in cryptography and blockchain technology. By joining forces, we can help banks to bridge the gap between traditional investments and digital assets.”
With its securities firm license from the Swiss Financial Market Supervisory Authority, Taurus can cover digital currencies, cryptocurrencies, as well as tokenized assets. The company offers three main products: Taurus-CAPITAL for tokenization and lifecycle management, Taurus-PROTECT for hot, warm, and cold digital asset custody, and Taurus-EXPLORER an API-based blockchain connectivity to more than 10 blockchain protocols.
Temenos has added Taurus’ tools to the Temenos Marketplace, a partner ecosystem of 50+ fintech solutions. All tools in the MarketPlace are pre-integrated for fast implementation.
Founded in 1993, Temenos is a public company, listed on the SIX Swiss Exchange under the ticker TEMN. The company has a market capitalization of $9.84 billion.