Swiss digital asset infrastructure provider Taurus, backed by Deutsche Bank and Credit Suisse, has introduced an open-source confidential token standard designed for debt and equity tokenization. The innovation enables financial institutions to tokenize assets on public blockchains while ensuring customer privacy remains intact.
The smart contract, developed in collaboration with the Aztec Foundation, leverages Aztec Network’s layer-2 protocol and zero-knowledge proofs to maintain confidentiality in blockchain transactions. This technology allows issuers to control who can access information about tokenized assets without compromising regulatory compliance, Taurus confirmed in a press release shared with crypto.news.
The code is written in Noir, an open-source language tailored for zero-knowledge applications, and incorporates a private version of the CMTAT security token. Taurus Chief Security Officer JP Aumasson, who led the project, emphasized that the tokenization of financial instruments on public blockchains unlocks substantial opportunities. According to Aumasson, this advancement bridges the gap between institutional requirements and decentralized finance (DeFi), paving the way for broader adoption of blockchain technology in traditional finance.
The open-source code is now publicly available on GitHub, allowing developers and financial institutions to test and implement the confidential token standard.
Taurus Expands Tokenization Efforts to Solana
This latest development follows Taurus’ recent expansion into the Solana blockchain. In mid-February, the company launched Taurus-CAPITAL, its enterprise-grade custody and tokenization platform, on Solana. The initiative allows banks and financial institutions to store, manage, and issue digital representations of real-world assets such as stocks, bonds, and real estate.
Taurus-CAPITAL integrates seamlessly with Taurus-PROTECT, a secure storage and staking solution for Solana-based assets, and facilitates the issuance of programmable tokenized assets. By leveraging Solana’s high-speed and cost-efficient blockchain network, Taurus aims to drive greater efficiency and adoption of asset tokenization within the financial sector.
Also Read: BNB Leads Crypto Surge: Will Cardano Follow With a 27% Rally?
With growing institutional interest in blockchain technology, Taurus’ confidential token standard and Solana integration position the company as a leader in secure, compliant, and scalable digital asset solutions.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
