Taurus and Parfin Incorporate Digital Assets into Traditional Financial Systems in Europe and Latin America

Taurus and Parfin have collaborated to incorporate digital assets into the framework of traditional financial institutions, offering a cohesive solution for custody, trading, and tokenization.

The Swiss FinTech firm Taurus and the Brazilian blockchain financial solutions provider Parfin have announced a strategic alliance aimed at promoting the institutional adoption of digital assets in Europe and Latin America. In particular, Taurus is incorporating its Taurus-PROTECT and Taurus-CAPITAL solutions into the Parfin platform, establishing a scalable and regulatory-compliant framework for digital asset operations.

This integration will enable traditional financial institutions to access all essential phases of engaging with digital assets: secure custody, compliance with governance policies, token issuance, and lifecycle management. The infrastructure accommodates asset classes including cryptocurrencies, tokenized securities, and digital currencies.

Notable advantages for users include:

• access to liquidity through Parfin’s trading infrastructure, complemented by custody and tokenization services from Taurus;
• real-time wallet oversight and trade execution via Parfin’s interface, with governance controls supplied by Taurus;
• minimized operational and settlement risks due to a consolidated custody and trading framework;
• swift integration through API with minimal resource investment;
• lower overall ownership costs by removing fragmented systems.

Through this partnership with Taurus, Parfin serves as a comprehensive infrastructure platform that facilitates management and coordination across various elements of the digital financial ecosystem, catering to banks, asset managers, and cryptocurrency firms.

The press release emphasizes that the Parfin platform operates independently of specific custody systems and accommodates the use of hardware security modules, allowing for customization according to client specifications for architecture and security.

Lamine Brahimi, Co-Founder and Managing Partner of Taurus, stated that the collaboration with Parfin merges the highest standards of security, governance, and compliance. Marcos Viriato, CEO of Parfin, remarked that the integration with Taurus enhances the flexibility of their platform, enabling clients to customize solutions to meet their specific requirements.

A month prior, Taurus launched Taurus-NETWORK, an interbank network designed to facilitate interaction among traditional financial institutions, aimed at enhancing operational efficiency, reducing risks, and accelerating the adoption of digital assets within the banking sector.

The article “Taurus and Parfin Integrate Digital Assets Into TradFi Infrastructure in Europe and Latin America” first appeared on CoinsPaid Media.