October 29, 2020: Geneva – Zurich – Zug: Taurus Group SA (“Taurus“) is pleased to announce that it has integrated the Tezos protocol’s staking capabilities into its digital asset infrastructure solutions. These include Taurus-PROTECTTM, the leading digital asset custody solution for banks, asset managers, and exchanges. This is a second step of several strategic initiatives.
The Tezos Foundation and Taurus entered a multi-faceted strategic cooperation in Q4 2019 in order to grow the Tezos ecosystem and provide secure and institutional-grade access to the Tezos blockchain.
A first in Switzerland and Europe
As a result of a successful second phase of collaboration , Taurus’ banking clients have been able to collect staking rewards on Tezos safeguarded using Taurus-PROTECTTM since August 2020. In addition, Taurus has built its own secure and robust “baker” infrastructure that may be deployed to help secure the Tezos network. Several banking clients, including crypto-banks and private banks, have already adopted Taurus’ staking solutions. This is a first for banks in Switzerland and answers a growing demand from banking institutions and their clients for access to Proof-of-Stake (“PoS”) blockchain protocols that allow them to capture additional yields in low interest rate environments.
David Fuchs, Head of Enterprise Adoption EMEA Tezos Foundation:
“Our ongoing collaboration with Taurus has produced exciting new offerings to onboard institutional players into the Tezos ecosystem. We’re thrilled to see how Taurus’ continued integration of Tezos into their digital asset infrastructure contributes to the growth and long-term success of the Tezos project.”
JP Aumasson, Taurus co-founder and Chief Security Officer:
“We thank the Tezos Foundation for their trust and support. We are proud to continue to deliver on the strategic roadmap and provide our clients with innovative and reliable solutions that are in high demand."