According to Cointelegraph, Taurus, a digital asset infrastructure provider, has entered into a partnership with Chainlink Labs, a blockchain technology firm, to advance institutional tokenization. The collaboration aims to boost the adoption of tokenized assets in institutional markets by enhancing data transparency, cross-chain mobility, and security.
In a news release shared with Cointelegraph, Taurus announced that it will utilize Chainlink data feeds for market pricing, reference data, and identity data to provide asset state information and facilitate transactions. Juergen Hofbauer, global head of strategic partnerships at Taurus, highlighted that while tokenization brings new investment opportunities, it also presents challenges. He emphasized the importance of enriching tokenized assets with high-quality offchain data, including market pricing, reference data, and identity data.
Hofbauer further explained that the partnership with Chainlink enhances liquidity and insight, particularly across different blockchain networks, to sustain the momentum for tokenized assets. The combined infrastructure of Chainlink and Taurus' presence in the European digital asset market offers financial institutions a new avenue to improve the tokenization process. However, the adoption of tokenized assets still faces regulatory challenges and concerns about market volatility, which the partnership will need to address in an increasingly competitive market.
Additionally, on September 26, Taurus partnered with Swiss fintech firm Aktionariat to facilitate the trading of tokenized shares from small and medium-sized enterprises in Switzerland. This partnership utilizes Aktionariat's 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 is set to go live in November.
