Taurus joins financial institutions like Franklin Templeton, WisdomTree and Circle in using Stellar for real-world asset tokenization.
Taurus, the digital asset infrastructure provider to financial institutions such as Deutsche Bank, Credit Suisse and Santander, has expanded to the Stellar network.
“Integration with Stellar seamlessly aligns with Taurus' strategic growth as the blockchain has been optimized and built for asset tokenization,” Taurus Head of Global Strategic Partnerships Jürgen Hofbauer said. “Our banking and non-banking clients can now benefit from reduced fees and fast transactions, optimizing efficiency across a variety of tokenization use cases such as equity, debt, structured products, funds, tokenized deposits, and CBDCs.
However, Franklin Templeton's U.S. Government Money Fund has recently come under stiff competition from BlackRock’s new BUIDL fund, tokenized in collaboration with Securitize on Ethereum, which surpassed BENJI earlier this year to capture 29.4% of the market, managing $481 million in assets.
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