Taurus-PROTECT platform now integrated with Temenos Core

By Gloria Methri

Taurus, the expert in digital asset infrastructure for banks, has expanded its collaboration with Temenos by fully integrating its custody solution with Temenos core banking.

The integration allows banks to create and manage wallets as well as transfer a wide range of digital assets directly from Temenos Core. Taurus is the first fully integrated digital asset custody platform with Temenos.

Digital asset demand reached an all-time high globally in 2024, with regulation clarifying in most key financial centres. The market entry of many of the largest global custodians and asset managers in the world, some of which leverage Taurus’ technology, further highlights the increasing institutionalisation of the digital asset industry. In particular, the total market value of tokenised assets is expected to exceed decatrillion USD by 2030, according to consulting firms.

The Temenos Core and Taurus-PROTECT custody integration allows Temenos’ banking clients to pilot their custody operations directly through Core for all types of digital assets, including cryptocurrencies and tokenised assets on public or private DLTs.

Immediate benefits for banks

The Temenos Core and Taurus-PROTECT custody integration allows banks to launch full-scale digital asset services with faster time to market and at a fraction of the costs they would have incurred otherwise.

1. Banks can rapidly launch digital asset services in a matter of days or weeks, minimising time to market and rapidly generating revenues;
2. The automation of core workflows such as tokenised securities creation, wallet management, and settlement leads to lower operating costs and operational risks by reducing manual interventions;
3. Through the native Temenos Core and Taurus-PROTECT integration, banks no longer need to build such interfaces, substantially reducing their CAPEX.

“This deep integration with Taurus provides banks with the infrastructure needed to quickly and efficiently launch digital asset services,” said Alexandre Duret, Senior Product Director at Temenos. “By providing a fully integrated system, we’re enabling our customers to offer digital assets alongside their traditional services, reducing complexity and lowering the barriers to entry.”

Jürgen Hofbauer, Head of Global Strategic Partnerships at Taurus, added: “This level of integration is a game-changer for financial institutions. It empowers banks to manage digital assets just like any other asset, reducing complexity while opening new avenues for growth. We look forward to launching together with Temenos many more features for our common clients.”