Taurus Connects Its Tokenization and Custody Platforms to Swift’s Blockchain Ledger

Taurus, a provider of tokenization and custody services for digital assets, announced that its platforms are now linked to Swift’s blockchain‑based ledger. The integration enables clients to use bank‑issued tokenized deposits for cross‑border payments.

Rapid Client Onboarding

Taurus expects its first institutional clients to connect to the Swift ledger within a matter of days. The company projects that the initial distributed‑ledger technology (DLT) transactions will be executed through its platforms within a few weeks.

Swift Ledger Readiness

Swift disclosed in July that its ledger is ready for initial use, with 17 banks across six continents preparing to pilot live transactions using tokenized deposits. Standard Chartered and HSBC have already completed the ledger’s first live cross‑border transaction, linking their separate tokenized‑deposit systems.

How the Ledger Works

The Swift ledger functions as an orchestration layer for round‑the‑clock cross‑border payments. It leverages tokenized deposits held on participating banks’ balance sheets, coordinating transfers between institutions before final settlement through existing mechanisms such as real‑time gross settlement (RTGS) systems.