Software banking firm Temenos has selected Taurus as a blockchain partner to deliver simplified access to digital assets for its banking clients.

It will integrate Swiss digital asset and blockchain infrastructure fintech programme Taurus SA (Taurus) with its next generation core banking software, Temenos Transact.

This collaboration will allow banks to not only provide custody to a wide range of digital assets, but also further innovate by creating tokenized products of their choice.

Depending on the business model and regulatory framework, banks will also be able to create, manage and service a wide range of tokenized assets leveraging Taurus-CAPITAL and Taurus-PROTECT functionalities.

Taurus’ technology will be available to Temenos’ clients through Temenos MarketPlace, a curated community of best-in-class fintech solutions that complement Temenos software. Temenos MarketPlace is a partner ecosystem of more than 50 fintech solutions, enabling clients to deliver a better banking experience for customers. MarketPlace solutions are pre-integrated for rapid implementation and time-to-value.

The technology will provide clients with the capability to integrate and seamlessly manage any digital asset, whether traditional securities, cash or digital assets. They will have access to its full suite of products including Taurus-CAPITAL (tokenization and lifecycle management), Taurus-PROTECT (hot, warm, cold digital asset custody), and Taurus-EXPLORER (API-based blockchain connectivity to more than 10 blockchain protocols).

Alexandre Duret, product director at Temenos, said: “We believe that digital assets represent new opportunities for banks and wealth managers. Investors are increasingly aware of the performance of cryptocurrencies, which can effectively participate in the diversification of a portfolio. But other applications of blockchain technology, such as tokenized securities have the potential to transform the value chain with simpler issuance procedures, greater liquidity and real-time settlement. Taurus is leading the field in cryptography and blockchain technology. By joining forces, we can help banks to bridge the gap between traditional investments and digital assets.”

Sébastien Dessimoz, managing partner at Taurus, added: “Digital assets represent a major shift in the industry and we see an acceleration in demand since 2020. We are pleased to collaborate with Temenos, the world-leading banking software, and be able to make available our technology to Temenos’ client base of more than 3,000 banks and financial institutions worldwide. Taurus end-to-end platform will allow Temenos clients to manage any digital asset and create products in a couple of clicks.”