Crypto custody firm Taurus partners with Teylor to tokenize German SME credit portfolio

Crypto custody firm Taurus partners with Teylor to tokenize German SME credit portfolio

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  • Taurus, a Swiss crypto custody firm, partners with Teylor, a Zurich-based fintech lender, to tokenize the German SME credit portfolio.
  • The tokenized assets will be available for trading on Taurus’ TDX marketplace, adhering to Swiss and European regulations.
  • Teylor, supported by major investors including Barclays, plays a significant role in financing German SMEs, with recent loans amounting to nearly $25 million.

Taurus, a Swiss firm specializing in crypto custody, has partnered with Teylor, a Zurich-based fintech lending platform. This collaboration marks a notable development in the tokenization of assets, particularly focusing on the German small and medium-sized enterprises (SME) market.

Innovative tokenization of SME loans

The partnership involves the tokenization of Teylor’s credit portfolio, a process overseen by the law firm Allen and Overy. These tokens will be eligible for trading on Taurus’ TDX marketplace. Lamine Brahimi, co-founder of Taurus, emphasized that this initiative aligns with Swiss and European regulations, showcasing the growing integration of traditional finance and blockchain technology. The tokenized debt product targets the German SME sector, with Brahimi revealing plans for significant investment from institutional investors in the coming weeks.

Taurus’ TDX marketplace, an extension of its custody services, has already facilitated over 20 transactions, encompassing various assets such as equity, debt, and art. The total notional value of these transactions exceeds $1 billion, highlighting the scale and impact of Taurus’ operations in asset tokenization.

Teylor’s role in empowering German SMEs

Teylor, renowned for its contribution to Germany’s robust Mittelstand economy, offers loans ranging from 100,000 to 1.5 million euros. With backing from major investors like Barclays, the company plays a crucial role in supporting medium-sized businesses that are often overlooked by traditional banking systems. Last month alone, Teylor extended nearly $25 million in loans, according to CEO Patrick Stäuble. These loans, earmarked for tokenization through the partnership with Taurus, will support a diverse range of German industries, from chemicals to precision machinery.

The collaboration between Taurus and Teylor is a testament to the growing trend of tokenizing traditional financial assets. This approach not only diversifies investment opportunities but also enhances liquidity and accessibility in the market. As Switzerland continues to embrace blockchain technology across various asset classes, this partnership stands as a beacon of innovation and regulatory compliance in the rapidly evolving world of cryptocurrency and blockchain.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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