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Taurus and Chainlink Labs will concentrate on tackling significant challenges in the tokenized asset market concerning data integration, security concerns, and cross-chain interoperability.
Taurus, a prominent provider of digital asset infrastructure solutions, has announced a strategic alliance with Chainlink Labs, a creator of a decentralized blockchain oracle network. Through this collaboration, the companies aim to confront the primary challenges and complexities that institutional investors encounter when engaging with tokenized assets.
In particular, the initiative seeks to thoroughly support the tokenized asset market and tackle issues such as:
- insufficient data transparency;
- restricted cross-chain interoperability;
- possible vulnerabilities within blockchain projects.
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Taurus will utilize the Cross-Chain Interoperability Protocol (CCIP) data feeds. Specifically, it will incorporate data feeds that deliver real-time information on asset prices and transactions, along with Proof of Reserve, which will enhance data transparency and mitigate over-issuance risks. This strategy will enhance the accuracy of asset information and streamline transactions.
Juergen Hofbauer, Global Head of Strategic Partnerships at Taurus, stated that tokenization presents new investment opportunities, but its execution carries several risks due to the absence of dependable correlation mechanisms with off-chain data. He believes that the partnership with Chainlink will resolve this concern by boosting the liquidity of tokenized assets through the capability to swiftly track asset information.
Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, mentioned that the collaboration aims to facilitate the global adoption of tokenized assets among major financial institutions. He emphasized that the companies intend to address regulatory challenges associated with the tokenized assets market.
Taurus has recently enabled SMEs in Switzerland to trade tokenized shares. Chainlink, for its part, is actively investigating the potential for tracking financial data in the on-chain environment and optimizing the exchange of trade data.
Сообщение Taurus and Chainlink to Solve Key Problems of Tokenized Assets появились сначала на CoinsPaid Media.
