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Taurus Collaborates with Temenos to Bring Crypto Custody to the Masses
Swiss cryptocurrency custody specialist Taurus is partnering with Temenos, a leading provider of core banking software, to enable banks to quickly and easily create crypto wallets and transfer a wide range of digital assets.
A Major Milestone in Crypto Adoption
Taurus, a leading player in the crypto custody space, has announced a collaboration with Temenos, a company that serves over 3,000 banks and financial institutions in 40 countries. This partnership marks a significant milestone in the journey towards widespread adoption of cryptocurrencies and digital assets.
The integration between Taurus and Temenos allows banks to offer one-click crypto wallets that seamlessly connect with traditional accounts, automated deposit, transfer, and withdrawal capabilities, as well as real-time booking, reconciliation, and regulatory reporting for digital assets.
A New Era of Financial Inclusion
According to Lamine Brahimi, co-founder of Taurus, the integration means that banks using Temenos can now have exposure to any type of digital asset they desire, including cryptocurrencies, tokenized securities, stablecoins, and even meme coins if they wish and their risk department is open to it.
The timing of this partnership is particularly significant, given the imminent arrival of a pro-crypto administration in the United States and the implementation of the Markets in Crypto-Assets (MiCA) regulation in Europe.
Conclusion
The collaboration between Taurus and Temenos has the potential to revolutionize the way banks and financial institutions approach digital assets. With the integration of Taurus’ crypto custody platform, banks can now offer their customers a wider range of financial services, including cryptocurrency trading, investing, and more.
This partnership is a significant step towards the mainstream adoption of cryptocurrencies and digital assets, and we can expect to see more innovations and developments in this space in the near future.
FAQs
- What is the significance of this partnership? This partnership marks a major milestone in the journey towards widespread adoption of cryptocurrencies and digital assets.
- What can banks offer their customers with this integration? Banks can offer one-click crypto wallets, automated deposit, transfer, and withdrawal capabilities, as well as real-time booking, reconciliation, and regulatory reporting for digital assets.
- What types of digital assets can banks offer with this integration? Banks can offer exposure to any type of digital asset, including cryptocurrencies, tokenized securities, stablecoins, and even meme coins if they wish and their risk department is open to it.
- What is the timing of this partnership? The timing of this partnership is particularly significant, given the imminent arrival of a pro-crypto administration in the United States and the implementation of the Markets in Crypto-Assets (MiCA) regulation in Europe.
