Taurus, a digital asset infrastructure provider based in Geneva, Switzerland, has established connectivity with Swift’s blockchain-based shared ledger, enabling institutional clients to initiate tokenized deposit transactions within days.
The integration allows banks already using Taurus’s tokenization and custody products—Taurus-CAPITAL and Taurus-PROTECT—to establish connectivity to the ledger in a matter of days. First live clients are expected to go live within days, with the first transactions anticipated within weeks, according to the company.
Swift’s shared ledger, introduced at Sibos 2025, was developed in collaboration with more than 40 financial institutions and transitioned from concept to activation in nine months. The ledger launched with 17 first-mover institutions piloting tokenized deposit transactions, designed to keep bank-issued deposits on institutions’ own balance sheets rather than displacing commercial bank money.
Under the system, tokenized deposits remain on banks’ ledgers while Swift coordinates movement between participants, including overnight and weekend transactions, prior to final settlement. The ledger preserves Swift’s role as a messaging network, with settlement continuing through existing mechanisms such as real-time gross settlement systems.
