Taurus has build one of the first digital asset exchanges and has developed a series of interconnecting products. One of Taurus products is “Taurus Protect”, an institutional-grade digital asset storage for exchanges, banks and assets managers. “Taurus Trade”, another interesting product is an institutional trading desk, that connects exchanges, institutions, OTC dealers and individuals to trade compliant to Swiss AML rules. With Tezos, Taurus is looking to meet the “growing demand from banking institutions for blockchain protocols that use proof-of-stake mechanisms and provide robust smart contract capabilities.“  

Apparently this cooperation has started a while ago. In this first announcement of the cooperation, the first phase has already been completed. The first phase enables Taurus’ clients, which include “financial institutions such as investment banks, crypto-banks, private banks, and universal banks, as well as technology companies”, to securely store and transfer XTZ. Tezos PoS rewards is obviously an interesting feature to tap into, so delegating features have also been implemented for Taurus’ clients. 

“The second phase of the collaboration between the Tezos Foundation and Taurus has already begun and consists of enhancing Taurus’ existing infrastructure to integrate capital markets use cases and transactions based on the Tezos protocol.” 

Capital markets will be able to interact with the Tezos blockchain through smart contracts via Taurus digital asset infrastructure.