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 said in an announcement shared with Cointelegraph that it had launched Taurus-Network (TN), an interbank network designed to simplify and improve digital asset transactions between regulated financial institutions worldwide.
The network 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.
Multiple banks already involved
The Taurus-Network launches with participation from several banks worldwide, including Arab Bank Swit
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