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Digital Assets Firm Taurus Integrates Cardano, Including Staking Capabilities


cryptoknowmics.com 15 September 2021 05:30, UTC
Reading time: ~2 m

Swiss digital assets firm Taurus has fully integrated Cardano with staking capabilities into its institutional-grade platform. The blockchain’s latest upgrade, Alonzo hard fork, and other updated features will be immediately available on Taurus-PROTECT.

Taurus Integrates Cardano and Its Staking Capabilities on Its Custody Platform

According to Taurus’ blog post, the firm has incorporated Cardano blockchain and its staking capabilities on its platform Taurus-PROTECT. The move was initiated to meet the growing demand for “battle-tested Proof-of-Stake ("PoS") blockchain protocols.”

As a result of the integration, investment banks, online banks, private banks, and crypto banks can now access Cardano through Taurus’ infrastructure.

“De-risking decentralization for regulators and other institutional organizations is of paramount importance to the Cardano Foundation. As such, we are delighted to collaborate with institutional-grade companies like Taurus in order to integrate our blockchain,” Cardano Foundation CEO Frederik Gregaard said in a prepared statement.

Greggard’s optimism was echoed by Taurus co-founder and Chief Security Officer JP Aumasson, who stated:

“We are pleased to integrate Cardano and further expand our PoS protocols offering to our clients. We enjoyed collaborating with the Cardano technology teams and look forward to integrating smart contracts in the near future.” 

Aside from adding Cardano to its digital assets custody platform, Taurus is expanding its blockchain connectivity infrastructure to accommodate the network.

An Overview of Taurus SA

Established in 2018, Taurus is a Geneva-based that specializes in blockchain and digital assets. It provides services for cryptocurrencies, tokenized assets, and emerging virtual currencies through a unified platform. As per Tauras’ own description, the company’s solutions are currently being used at systemic banks, investment banks, private banks, crypto-banks, and trading venues.

By integrating Cardano, the company has broadened its PoS-based offerings for its institutional clients. It is worth noting that Cardano has just been upgraded and now includes smart contracts, which play an important role in the decentralized finance (DeFi) ecosystem.

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