Geneva-based digital asset infrastructure firm Taurus has connected its tokenization and custody products to Swift’s blockchain-based shared ledger, enabling banks to issue tokenized deposits without building new infrastructure. The integration applies to Taurus-CAPITAL and Taurus-PROTECT, allowing institutions already using Taurus for digital asset custody to establish connectivity within days.
Swift’s shared ledger, announced at Sibos 2025 and activated within nine months, keeps tokenized deposits on banks’ own balance sheets while coordinating movement between participants, including overnight and weekends, prior to final settlement. The ledger does not replace Swift’s role as a messaging network; settlement continues via existing mechanisms such as real-time gross settlement systems.
Taurus is targeting both existing institutional clients and Swift member banks with no prior digital asset experience. The shared ledger was developed alongside more than 40 financial institutions, with 17 first-mover institutions piloting tokenized deposit transactions. First transactions over the ledger are expected within weeks.
