Swiss digital asset infrastructure provider Taurus has linked its tokenization and custody platforms to Swift’s blockchain-based ledger, enabling clients to process payments using bank-issued tokenized deposits.
The integration allows Taurus’ clients to connect existing digital asset infrastructure to Swift’s ledger, with the first client implementations set to go live within days. Distributed ledger technology transactions are expected to commence within weeks, according to a company announcement.
Swift’s blockchain ledger, announced as ready for initial use in July, serves as an orchestration layer for round-the-clock cross-border payments using tokenized deposits held on participating banks’ balance sheets. The ledger coordinates transfers between institutions before final settlement through existing systems, including real-time gross settlement networks.
The initiative follows Swift’s pilot program involving 17 banks across six continents. Standard Chartered and HSBC have already executed the ledger’s first live cross-border transaction, connecting their separate tokenized deposit systems. The ledger facilitates seamless interoperability between banks’ tokenized deposit networks while maintaining compliance with existing settlement frameworks.
