Taurus turns to Polygon to tokenize assets on the blockchain.

Taurus turns to Polygon to tokenize assets on the blockchain.

 The Swiss platform Taurus, present in the niche asset tokenization market, has just partnered with the Polygon blockchain. This should enable Taurus' partner banks to offer this kind of service to their customers.



A multi-billion dollar partnership!

The Taurus crypto platform, specializing in the tokenization of assets, has just announced that it has reached an agreement with the Polygon network. This partnership between the Swiss platform and the blockchain should allow Taurus to tokenize assets such as shares or debt securities.

The heart of the partnership plans to allow banks to issue and manage assets transformed into tokens on the Polygon network. This new agreement also follows a pattern that we have been noticing for several months: a closer relationship between the banking sector and the cryptocurrency industry. The CMO of Taurus, Victor Busson, was open about his excitement for this collaboration:

Building on polygons is a natural step for Taurus. Our banking, consumer goods, sports, and entertainment clients can now benefit from lower fees and faster transactions for all tokenization use cases: stocks, debt, structured products, funds, and NFTs.

For Taurus, the choice of Polygon quickly became obvious. Because, in addition to offering fast processing speeds, layer two blockchains have lower transaction fees than other networks like Ethereum.

The tokenization of assets is a booming subject!


According to data from Citi, the market for tokenized assets could quickly reach the $4 trillion mark by 2030. According to Taurus, the subject would already be a hot topic for most financial institutions. Recently, the platform has also confirmed that 70% of its customers now use its ability to tokenize assets. Among the names mentioned, Taurus cites first-class institutions such as Deutsche Bank and Credit Suisse.

If many believe in this asset tokenization market, it is mainly because it offers a much greater transfer potential. According to Colin Butler, manager at Polygon, the market will inevitably turn to this type of solution.

Building a sophisticated enough infrastructure to support tokenization has always been difficult. A solid opportunity in the tokenization market will be paved over by the relationship with Taurus.

Michael Saylor, a maximalist among Bitcoin maximalists, is also interested in the subject and its potential. During a conference, he also mentioned tokenizing shares or ETFs so holders could personally keep them. Behind this idea, Saylor implied a mechanism that is very dear to him: that of decentralization.

In May, tokenized assets on Ethereum, Polygon, and Gnosis reached a capitalization of nearly $225 million. For many, this is just the beginning.

Deutsche Telekom becomes one of the validators of the Polygon network.

Deutsche Telekom, the parent company of operator T-Mobile, has just announced that it has joined Polygon's long list of validators. The German giant hopes to push other companies to adopt blockchain technology through this move.

The blockchain needs help to develop with the professional public!

Despite individuals' strong enthusiasm, some companies still need convincing about the possibilities of the blockchain.

If the examples of partnerships are not lacking, the enthusiasm and generalized adoption are still far from reality. However, Deutsche Telekom would like to play the role of game-changer by remedying this state of affairs.

For this reason, the German company, which owns T-Mobile in the United States, quite often gets involved in blockchain projects. Through its subsidiary, Multimedia Solutions GmbH (MMS), the company has indicated that it will now become a validator on the Polygon network. For Deutsche Telekom, this is not an isolated case. Since 2021, the company has worked on projects involving the blockchains Chainlink, Q, Celo, Flow, and the giant Ethereum.

Deutsche Telekom will offer to stake!



Due to their partnership with Deutsche Telekom, MMS will now be able to offer staking and validation services for layer two proof-of-stake networks, which act as a scaling option for the Ethereum blockchain. The company has previously made it clear that its primary focus would be on safeguarding Supernets and Polygon's sidechains.

The Head of Deutsche Telekom's Blockchain Solutions Center, recently praised the Polygon blockchain, often considered the preferred blockchain for companies. Röder effectively highlighted blockchain's developer friendliness but also network efficiency. In a press release, he even added:

The collaboration with Polygon is an important step for Deutsche Telekom MMS to fully exploit the potential of blockchain technology and build applications suitable for mass deployment.

The enthusiasm is also shared on the side of Polygon Labs, and seeing such an important company join the ship is welcomed. Already acclaimed by other giants such as Instagram, Starbucks, or even Reddit, the Polygon blockchain offers itself as a new giant in the business world.

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