Taurus, a digital asset infrastructure provider, has partnered with Chainlink Labs, a blockchain tech firm, to facilitate institutional tokenization.
The partnership aims to promote the adoption of tokenized assets in institutional markets by focusing on improving data transparency, cross-chain mobility and security.
In a news release shared with Cointelegraph, Taurus said it will use Chainlink data feeds for âmarket pricing, reference data, and identity dataâ to provide asset state information and facilitate transactions.
Tokenization challenges
Juergen Hofbauer, global head of strategic partnerships at Taurus, told Cointelegraph that tokenization is âbringing new investment opportunities to all,â but comes with challenges. He added:
âAn essential element of the solution is to enrich tokenized assets with a range of high-quality offchain data, including market pricing, reference data, and identity data.â
Financial sector implications
Hofbauer said the partnership with Chainlink improves âliquidity and insight â especially cross-chain,â to maintain the âmomentum for tokenized assets.â
âTogether, we provide financial institutions with crucial information about assetsâ state and facilitate transactions across multiple chains.â
Chainlinkâs infrastructure, combined with Taurusâ presence in the European digital asset market, offers financial institutions a new opportunity to enhance the tokenization process.
Still, challenges remain.
Tokenized asset adoption faces regulatory challenges and concerns regarding market volatility that the partnership will need to overcome in an increasingly crowded market.
Taurusâ partnership with Aktionariat
On Sept. 26, Taurus partnered with Swiss fintech firm Aktionariat to facilitate trading tokenized shares from small and medium-sized enterprises in Switzerland.
The partnership leverages Aktionariatâs tokenization solution to enable companies to convert their shares into blockchain tokens on the Ethereum network for trading on the Taurus Digital Exchange.
RealUnit, an investment company focused on real assets, will be the first to test this collaborative solution, which will go live in November.
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