Deutsche Bank-backed Taurus unveils new confidential token standard

Swiss blockchain infrastructure provider Taurus has announced a new confidential token standard for institutions.

Taurus, a Swiss digital asset infrastructure provider backed by Deutsche Bank and Credit Suisse, has introduced an open-source confidential token standard for debt and equity tokenization for financial institutions to tokenize financial assets on public blockchains while keeping customer privacy intact.

The smart contract is designed in collaboration with the Aztec Foundation to give issuers control over who can see information about tokenized assets without compromising compliance, the Swiss firm said in a press release shared with crypto.news.

The tech uses Aztec Network’s layer-2 protocol and zero-knowledge proofs to keep blockchain transactions private. The code, written in Noir, an open-source language for zero-knowledge apps, also implements a private version of the CMTAT security token.

“This addresses a major concern for privacy and regulatory alignment in public blockchain environments, without jeopardizing compliance good standing.”

Taurus

Taurus Chief Security Officer JP Aumasson, who led the development of the initiative, says tokenizing financial instruments on public blockchains “unlocks immense potential” as it bridges the gap between “institutional needs and decentralized technologies.” The open-source code is now available on GitHub for testing and public access.

In mid-February, Taurus launched its enterprise-grade custody and tokenization platform, Taurus-CAPITAL, on the Solana blockchain.

The move allows banks and financial institutions to store, manage, and issue digital representations of real-world assets like stocks, bonds, or real estate on Solana. As crypto.news reported earlier, the platform integrates Taurus-PROTECT for secure storage and staking of Solana-based assets and Taurus-CAPITAL for issuing programmable tokenized assets.