Swiss cryptocurrency fintech Taurus has launched an interbank network called Taurus-Network (TN) on April 9, aimed at enhancing digital asset transactions among regulated financial institutions worldwide. The network aims to improve collateral mobility, optimize settlement speed, and reduce counterparty risk, which benefits capital and liquidity management for digital assets. Key advantages include participants retaining full sovereignty over their assets, direct interaction with counterparties, and automated compliance without needing third-party involvement. Initially, banks such as Arab Bank Switzerland, Capital Union Bank, Flowdesk, ISP Group, Misyon Bank, and Swissquote are participating, having already integrated digital asset capabilities into their operations. Taurus expects the TN to serve as a foundational infrastructure layer for compliant digital asset activities across more than 35 banking clients globally. The network is blockchain-agnostic, supporting various digital asset types and their corresponding technologies, which facilitates seamless interactions and interoperability between different blockchain systems.

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