Latest news with #TaurusSA
Arabian Post
01-07-2025
- Business
- Arabian Post
Deutsche Bank Eyes Major Leap into Digital Asset Custody
Deutsche Bank is set to roll out a digital assets custody service in 2026, joining forces with Bitpanda Technology Solutions and deepening its existing alliance with Swiss fintech Taurus SA. Aimed at institutional and corporate clients, the bank's custody offering is built on two pillars: custody and tokenisation capabilities powered by Taurus SA, and the digital infrastructure from Bitpanda's technology arm. Taurus has been the backbone of Deutsche Bank's digital asset efforts since 2023, and the integration with Bitpanda is expected to significantly expand operational capacity. Inside sources familiar with the initiative confirm that launch preparations are already underway, with a projected go-live in early 2026. The move reflects Deutsche Bank's view that tokenised assets could become a fundamental component of the financial ecosystem, aligning with growing projections that this market could reach hundreds of billions by the end of the decade. ADVERTISEMENT Taurus SA—positioned as a leader in digital asset infrastructure—provides enterprise-grade cold, warm and hot custody solutions, along with tokenisation services that Deutsche Bank will leverage. As noted by Taurus co‑founder Lamine Brahimi in 2023, the match between the Swiss firm's infrastructure and Deutsche Bank's scale was a critical factor in formalising their initial partnership. Meanwhile, Bitpanda's technology unit will contribute real‑time, scalable digital asset operations. The Vienna‑based firm, which supports more than 4 million users across Europe, already offers regulated trading and custody services for cryptocurrencies, stocks, ETFs and commodities. Deutsche Bank's adoption of Bitpanda's tech could enable graduated access to a broader swathe of tokenised assets for its clients. The partnership builds on Deutsche Bank's cautious but steady progression into the digital asset landscape. Already serving as the banking partner for Bitpanda's German IBAN services—and integrating Bitpanda's platform for retail payments—Deutsche Bank has maintained a conservative stance, ensuring compliance and risk protocols are robust. According to Ole Matthiessen, global head of cash management, the bank only engages with well‑regulated platforms that meet strict compliance standards. Deutsche Bank's ambitions extend beyond custody. It is exploring stablecoins, tokenised deposits, and potential issuance, reflecting a broader strategy to anchor its digital asset business across the value chain. The bank's head of digital assets, Sabih Behzad, highlighted the options ranging from reserve management to issuing stablecoins, whether solo or in consortiums. Industry insiders point to looming regulatory clarity—particularly in Europe under MiCA and in the U.S.—as a driving force behind institutional adoption. PwC projects that tokenised assets could swell from around $40 billion today to over $317 billion by 2028, reflecting an appetite for innovation tempered by oversight. Deutsche Bank's strategy appears calibrated: building momentum in custody while evaluating tokenised product launches. This dual approach affords adaptability with measured risk—a model that mirrors its cautious adoption of Bitpanda's IBAN service and Taurus custody tech. Analysts suggest that established banking institutions will need to offer multi-custodial and tokenisation services if they are to remain relevant in a changing market. As global custodians like BNY and JP Morgan enhance real‑time asset transfer and tokenised solutions, Deutsche Bank's 2026 launch will position it alongside peers seeking to modernise legacy models. Deutsche Bank's custody initiative arrives at a pivotal time. Regulatory frameworks for digital assets are crystallising, and institutional allocations to tokenised securities and stablecoins are gaining traction. Completion of the Bitpanda‑Taurus integration will be a critical milestone, forming the technological foundation of the service. With momentum gathering, competition is intensifying. Other major banks—such as Banco Santander—are also evaluating stablecoins and custody offerings. At the same time, fintech stand‑alone firms are aggressively scaling in tokenised markets. Yet Deutsche Bank brings two powerful advantages: it merges legacy banking infrastructure with cutting‑edge digital asset platforms and does so through meticulously selected partnerships. If its 2026 custody service delivers on promised security, compliance and efficiency, it could redefine institutional trust in the tokenised era.
Bloomberg
01-07-2025
- Business
- Bloomberg
Deutsche Bank Aims to Launch Crypto Custody Service in 2026
By and Anna Irrera Save Deutsche Bank AG plans to launch its digital assets custody service next year and has enlisted crypto exchange Bitpanda's technology unit to help build the offering, according to people familiar with the matter. Deutsche Bank's corporate bank, which first revealed its custody plans in 2022, will also continue to work with Swiss technology provider Taurus SA on the service, said the people, who asked not to be named discussing private plans.
Finextra
26-06-2025
- Business
- Finextra
Taurus deploys first private stablecoin contract
Taurus SA, the digital asset infrastructure leader, announces the deployment of the first private stablecoin contract. Unlike legacy stablecoins, it offers confidentiality, untraceability, and anonymity, yet permits access to authorized parties (issuers, regulators, law enforcement). 0 This achievement complements Taurus' release of the first open-source private security token in Q1 2025, bringing on-chain privacy to both the cash-leg and the security-leg of digital transactions. Built atop the Aztec Network, this stablecoin contract combines the confidentiality guarantees of zero-knowledge proofs with the compliance features expected from leading stablecoins. 'This marks a major step forward for stablecoins,' said JP Aumasson, Chief Security Officer at Taurus. 'We showed that it's possible to protect the privacy and security of stablecoin users while retaining the features of industry-standard stablecoins. This addresses concerns that we've repeatedly heard from banks looking at issuing stablecoins, central banks, and regulators.' Arnaud Schenk, Executive Director of the Aztec Network board, commented: "Enforced global transparency of public blockchains limits the real-world adoption of stablecoins. Practical adoption for payroll, intra-company transfers, or day-to-day payments simply can't happen if every transaction remains visible to all and immutably inscribed on a widely available ledger. Aztec's zero knowledge Layer 2 is the only platform that delivers both airtight privacy for users, and granular issuer defined controls baked directly into the token." A timely step as regulatory clarity emerges This deployment follows a recent major milestone in stablecoin issuance: the US Senate passed the GENIUSAct, a landmark bill establishing a legal framework for the issuance and oversight of stablecoins. The timing couldn't be more relevant—stablecoin supply has surged past $250 billion, a 1200% growth since 2020. Taurus expects the total stable coin supply to reach $1-2 trillion by 2030 as demand increases across institutional and consumer markets, pushed by favorable regulation. Taurus's privacy-preserving contract addresses the growing need for compliant, secure digital cash solutions in this expanding space. All major stablecoin functionalities covered This breakthrough from Taurus combines the confidentiality of transfers with the compliance features required by regulators. The smart contract covers critical functionalities required by a stablecoin. In particular, it supports Circle USDC's core features: • Centralized, admin-controlled mint and burn. • Pause/unpause capabilities, to halt transfers in case of an emergency. • Address blacklisting to enforce sanctions and other compliance needs. • Events logging, creating a verifiable audit trail. Yet, unlike traditional stablecoins, all balances and transfers are encrypted and only readable by authorized parties (such as issuers and regulators). This prevents unauthorized parties from monitoring wallets, reverse-engineering investment strategies, or physically targeting high-value users. With this private stablecoin contract, financial institutions, for whom privacy is a concern, will be able to issue stablecoins in payment or treasury applications while ensuring privacy of transfers and of the asset distribution and retaining regulatory observability.
