Swiss Banks Can Offer Liquid Staking Through Taurus and Lido Partnership

According to CoinDesk, Swiss-based cryptocurrency custody firm Taurus has partnered with Ethereum staking specialist Lido, allowing FINMA-regulated banks in Switzerland to offer liquid staking. Taurus, which works with Deutsche Bank and Santander, aims to bridge the gap between digital assets and traditional finance. The partnership enables institutions such as banks to access liquid staking solutions, with Lido being a leader in the space.

Swiss financial regulator FINMA issued guidance on staking cryptocurrencies last year, and it is expected that European jurisdictions will follow suit regarding liquid staking. Vassili Lavrov, head of product at Taurus, said that liquid staking provides a breakthrough opportunity for banks to enter the market. Deutsche Bank invested in Taurus last year, and the custody firm is also working with Santander. The collaboration with Taurus is crucial for enabling accessibility on banking-grade software, according to #sanor016CommUNITY #sanor016CommUNITY #sanor016CommUNITY #sanor016CommUNITY #Write2Earn