Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Crypto Custodian Taurus Taps Teylor to Tokenize SME Loans

Crypto Custodian Taurus Taps Teylor to Tokenize SME Loans

DailyCoinDailyCoin2023/12/14 16:07
By:DailyCoin
  • Crypto custody firm Taurus has announced a new partnership.
  • The partnership targets SMEs and private investors.
  • The partnership follows Taurus’ collaboration with Deutsche Bank to offer tokenization services.

Swiss crypto custodian Taurus has partnered with Zurich-based fintech lending platform Teylor to tokenize debt and enhance the accessibility of SME credit as an asset class.

Founded in 2018, Taurus is an enterprise-grade infrastructure provider for digital asset issuance, custody, and trading services to over 25 institutional clients. The company recently partnered with banking giant Deutsche Bank to offer digital asset custody and tokenization services.

Taurus Taps Teylor to Stimulate SME Credit Access

According to a press release dated December 14, Taurus and Teylor have forged a strategic partnership to tokenize Teylor’s SME credit portfolio and provide token holders with monthly cashflows.

Per the statement, tokenizing part of Teylor’s credit portfolio on the Taurus infrastructure and TDX-regulated marketplace would allow Private Debt investors to participate in the returns through a secure blockchain-based secondary market, marking the first Luxemburg-based private debt portfolio tokenization.

Teylor CEO and Founder Patrick Stäuble lauded the partnership, noting that it would help smaller family offices and individual professional investors to participate in the company’s portfolio returns.

“The available capital of this investor class is typically not sufficient for a private transaction. With the admission of the Teylor ledger-based security on the TDX platform, we can now offer a standardized investment product. Professional investors can simply open an account and trade our security token,” Stäuble stated.

While the Taurus team has a proven track record, commanding a 50%+ finance market share in Switzerland, Teylor has processed over €3 billion in SME debt over the last three years.

Stay updated on Bitwise’s Bitcoin prediction:
Bitwise Predicts $80k Bitcoin Surge and ETF Approval by 2024

Stay updated on Deutsche Bank’s new alliance for stablecoins:
Deutsche Bank Forms New Alliance For Stablecoin Issuance

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Attention is value, and AI Agents will continuously attract users and capital

To truly grow, AI entities cannot be limited to promoting meme coins.

Chaincatcher2024/11/28 05:00

Flash Thursday: Buy crypto with a credit/debit card for zero fees

Every Thursday, enjoy zero fees when using your local fiat currency with a credit or debit card ( Visa, Mastercard, Google Pay Apple Pay)! Buy Crypto Promotion period: Every Thursday 8:00 PM – Friday 8:00 PM (UTC+8) Promotion rules Sign up for a Bitget account or log in to your existing account. Na

Bitget Announcement2024/11/28 04:10