Swiss infrastructure startup Taurus has just announced it has integrated the Polygon ecosystem to issue, register and service tokenized assets.
The partnership will also reportedly allow the organization's customers to own and trade traditional securities such as stocks and bonds in tokenized form.
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According to the company:
"By embracing digital securities, financial institutions and issuers can make non-bankable assets bankable: concretely issue, transfer, and trade securities in an automated way by leveraging smart contract capabilities."
A Taurus spokesperson has said most Tier 1 financial institutions are already interested in issuing security tokens with an eye toward "blockchain-agnostic and token-agnostic infrastructure."
Colin Butler, head of institutional capital at Polygon, has said converting traditional assets into digital assets is a "no-brainer." According to him, the partnership will "create the foundation for robust opportunities in the tokenization space."