Taurus Completes Cardano Integration, Now Supports Staking

Taurus, a blockchain infrastructure and digital assets management firm operating with an institutional-grade platform, has successfully completed its integration with the Cardano blockchain.

The integration would mean that all the capabilities of the Cardano blockchain will be mirrored onto Taurusโ€™ institutional-grade platform, with staking capabilities now supported into its chain. Cardanoโ€™s latest upgrade, the Alonzo hard fork, along with its updated features and performance, will be immediately available on the platform.

๐ŸŽ‰Taurus successfully integrated #Cardano #blockchain including staking capabilities into its institutional-grade platform๐Ÿ‘@F_Gregaard said:โ€œDe-risking decentralization for regulators and other institutional organizations is of paramount importance to the Cardano Foundation.” https://t.co/lwxOgIkxgS

โ€” Cardano Foundation (@CardanoStiftung) September 14, 2021

According to Taurusโ€™ official press release, the integration was done in response to โ€œgrowing institutional demandโ€ for Cardanoโ€™s Proof-ofStake blockchain protocol.

โ€œDe-risking decentralization for regulators and other institutional organizations is of paramount importance to the Cardano Foundation. As such, we are delighted to collaborate with institutional-grade companies like Taurus in order to integrate our blockchain. We want to build bridges that can support those embarking on the blockchain journey with us.โ€ shared Cardano Foundation CEO Frederik Gregaard.

Taurusโ€™ Taurus-PROTECT digital asset custody platform is a leading name in the European region. It has also expanded Taurus-EXPLORER, the firmโ€™s proprietary blockchain connectivity infrastructure to support Cardano.

โ€œWe are pleased to integrate Cardano and further expand our PoS protocols offering to our clients. We enjoyed collaborating with the Cardano technology teams and look forward to integrating smart contracts in the near futureโ€ shares Taurus co-founder and Chief Security Officer JP Aumasson.

Taurus is a Geneva-based firm that specializes in digital assets custody and blockchain infrastructure development. It was founded in 2018 by former senior executives with a background in the banking and regulatory sector of Switzerland, as well as executives from information security and technology.

The firm provides a unified platform for cryptocurrencies, tokenized assets, as well as emergent digital currencies. Taurusโ€™ clientele includes systemic banks, investment banks, private banks, retail/digital banks, crypto-banks, and trading venues. With the integration, these institutional clients will now gain access to Cardanoโ€™s decentralized, open-source blockchain network which can theoretically execute over a million transactions per second as well as serve as a platform for the deployment of smart contracts.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Author: Vince Dioquino