We are pleased to announce that Capital Union Bank has selected Taurus as strategic partner for its digital asset offering. Taurus and Capital Union Bank’s collaboration is already in production and covers the custody of digital assets for the bank’s private, professional and institutional clients. More specifically, the Bank has integrated (i) Taurus-PROTECT, the leading digital asset custody platform for banks, and (ii) Taurus-EXPLORER for the connectivity to >15 blockchain protocols.
Strategic collaboration live. Expanding regional footprint in the Americas
Recent history has shown that counterparty risk is the key risk to mitigate, therefore having full control of private keys is an important foundation for banks implementing a robust digital asset strategy. By using Taurus’ technology, our bank fully controls its private keys and will be able to rely on one of the most secure digital asset custody platforms in the industry. We intend to further expand the collaboration to tokenized assets and other blockchain based technologies soon to be adopted within the traditional Banking and Investment Management industries.
Patrick Zbinden, CEO of Capital Union Bank said: “We believe that the evolution of digital assets as an investable asset class is predicated on banks acting as trusted custodians for such assets, by holding client keys on their behalf and integrating digital assets within the same account structure as traditional financial instruments. The deep integration of Taurus solutions into our core banking software architecture will allow us to do that and to embrace future blockchain based technological innovation.”
Lamine Brahimi, co-founder and managing partner, Taurus said: “Capital Union Bank’s executives have a visionary digital asset strategy with several innovative projects that will go live soon. We are delighted to support the Bank in accelerating its digital asset strategy in a secure and regulatory-compliant manner and look forward to partnering with Capital Union Bank to launch new services that are unique in the industry.”