Tokenization market grows as Taurus integrates with Polygon

- As banks and institutional investors look for ways to integrate blockchain technology and asset tokenization into their operations, Taurus – a Swiss cryptocurrency infrastructure firm – is looking to facilitate the process through its integration with the Polygon network.

While the financial sector’s interest in blockchain technology is growing, multiple barriers – including regulatory uncertainty and the high cost of on-chain transactions – have hampered engagement and limited its integration with banks and other financial institutions. Taurus confirmed by email that 70% of its clients – which includes the likes of Arab Bank Switzerland, Credit Suisse, and Deutsche Bank – already use its tokenization capabilities, and interest continues to grow.

Tokenization has moved into the mainstream over the past year as institutions from BlackRock to Franklin Templeton have begun to engage in the practice.

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