Crypto fintech Taurus launches interbank network for digital assets

Swiss cryptocurrency fintech Taurus has launched an interbank network that is purpose-built for regulated institutions involved in digital asset operations. On April 9, Taurus announced it launched Taurus-Network (TN), an interbank network designed to simplify and improve digital asset transactions between regulated financial institutions worldwide, the firm said in an announcement shared with Cointelegraph. Taurus’ TN aims to improve collateral mobility, optimize settlement speed and reduce counterparty risk while benefiting capital and liquidity management in digital assets. Among the key benefits of the network is the ability for participants to retain full sovereignty over assets, direct interaction with counterparties and automated compliance without third-party intervention, Taurus SA’s head of product infrastructure, Vassili Lavrov, told Cointelegraph source: https://cointelegraph.com/news/taurus-crypto-fintech-interbank-network-digital-asset?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound