Deutsche Bank Partners with Taurus and Teylor for Tokenization of Debt
Deutsche Bank is teaming up with Taurus and Teylor to democratize access to credit for small and medium-sized enterprises (SMEs) through tokenization. This means that debt will be represented as tokens on the blockchain. The tokenized assets will be listed on Taurus’ regulated market, known as “TDX,” creating a liquid secondary market for private debt investments.
Teylor and Taurus Present Security Based on Teylor Ledger
Teylor, a Swiss credit fintech company, and Taurus, a digital asset custody and tokenization provider, have introduced a security based on the Teylor ledger. This initiative aims to make credit accessible to SMEs as an asset class. Teylor operates a credit platform that creates and manages loans for SMEs. By tokenizing a portion of its credit portfolio on the Taurus platform and listing it on the regulated TDX market, professional private debt investors can participate in returns through a secure secondary market based on blockchain.
Taurus: Leader in Digital Asset Trading with FINMA License
Taurus, which launched its platform in 2018, is a leader in digital asset trading. The company holds a license regulated by the Swiss Financial Market Supervisory Authority (FINMA) and has over 50% market share in Switzerland. It collaborates with financial institutions and holds expertise in working with major global financial institutions. The TDX market attracts participation from banks, mobile brokerage firms, and professional and institutional investors.
Deutsche Bank Collaborates to Launch Euro Stablecoin
Deutsche Bank’s asset management division is partnering with Galaxy Digital and Flow Traders to create AllUnity, a company dedicated to a fully collateralized stablecoin denominated in euros. The collaboration combines the portfolio management expertise of DWS Group, the liquidity provision leadership of Flow Traders, and the technical infrastructure of Galaxy Digital. AllUnity aims to provide a regulated stablecoin for institutional, corporate, and private users. The launch is scheduled for April 2024, in compliance with the new MiCAR laws of the European Union.
Hot Take: Deutsche Bank Drives Innovation in Tokenization and Stablecoins
Deutsche Bank’s partnerships with Taurus and Teylor for tokenization of debt and its collaboration with Galaxy Digital and Flow Traders for a euro stablecoin demonstrate its commitment to driving innovation in the crypto space. By leveraging blockchain technology and creating liquid secondary markets, these initiatives aim to make credit more accessible and introduce regulated stablecoins. As digital assets continue to evolve, Deutsche Bank’s involvement highlights the growing importance of cryptocurrencies and their potential to transform traditional financial systems.
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