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Taurus integrates Tezos smart contracts

Taurus integrates Tezos smart contracts
Geneva-Zurich-Zug, April 07, 2021 - Taurus SA ("Taurus") is pleased to announce that it has integrated Tezos protocol’s FA1.2 and FA2. smart contract standards into its digital asset infrastructure solutions. Banks and issuers are now able to custody and process Tezos-based tokenized assets on Taurus-PROTECTTM, Taurus’ digital asset custody solution. This is a third step of several strategic initiatives.

Empowering the full scope of Tezos capabilities: XTZ, staking, and smart contracts
As a result of this third phase of collaboration, Taurus’ clients are now able to take advantage of the full Tezos protocol capabilities: (i) managing Tezos native crypto-currency XTZ, (ii) collect staking rewards on Tezos and capturing additional yields in low interest rate environments, (iii) managing both FA1.2 and FA2 smart contracts opening door to tokenized assets. All leveraging Taurus’ custody solution Taurus-PROTECTTM. In addition, Taurus-EXPLORERTM, Taurus API-based blockchain connectivity infrastructure has been updated to support said smart contracts. Several banking clients, including crypto-banks and private banks, have already adopted Taurus’ end-to-end Tezos implementation.

Hubertus Thonhauser, Chair of Tezos Foundation Council:
“We are excited to see that Taurus has made Tezos smart contracts available to their network of clients, allowing them to manage a wide range of Tezos-based tokenized assets. Taurus has a proven track record developing enterprise-grade financial market infrastructure and this latest integration is welcome news for the Tezos ecosystem.”

JP Aumasson, Taurus co-founder and Chief Security Officer:
“We are pleased to continue delivering on the agreed roadmap and empowering our clients to manage Tezos tokenized assets, in addition to XTZ native crypto-currency and baking capabilities. Integrating Tezos FA1.2 and FA2 smart contract standards is very timely as several institutional Tezos-based projects are about to be launched.”

About Taurus-PROTECTTM
Taurus-PROTECT is a cold, warm, and hot digital asset storage solution that uses FIPS 140-2 Level 3 certified hardware security modules (HSMs), some of the most secure devices for storing sensitive data such as private keys. Taurus-PROTECT is fully developed by Taurus and is a leading solution in Switzerland and Europe.

About Taurus SA
Taurus SA was founded in April 2018 in Geneva, Switzerland, specialising in digital assets and blockchain. Taurus was founded by senior executives with a background in banking, regulatory, IT and cyber security. Taurus offers enterprise-grade financial market infrastructure solutions for digital assets as well as other financial services to its clients. It is a leader in Europe and Switzerland. Taurus solutions are in production and entrusted with the full spectrum of banks: systemic banks, investment banks, private banks, retail/digital banks, crypto-banks, trading venues. For further information, please visit Taurus' website.

Contact : contact@taurusgroup.ch

About Tezos
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. To learn more, visit Tezos.com.