Taurus Introduces Confidential Token Standard for Institutions

Swiss blockchain infrastructure provider Taurus has announced a new confidential token standard aimed at financial institutions.

Backed by Deutsche Bank and Credit Suisse, Taurus has introduced an open-source confidential token standard that allows for the tokenization of debt and equity on public blockchains while ensuring customer privacy.

This initiative, developed in collaboration with the Aztec Foundation, features a smart contract that allows issuers to control who can access information about tokenized assets, without compromising compliance. According to the press release shared with crypto.news, the technology utilizes Aztec Network’s layer-2 protocol and zero-knowledge proofs to maintain transaction privacy. The code, written in Noir—an open-source language designed for zero-knowledge applications—also includes a private version of the CMTAT security token.

> “This addresses a major concern for privacy and regulatory alignment in public blockchain environments, without jeopardizing compliance good standing.”
> — Taurus

JP Aumasson, Taurus Chief Security Officer and leader of the initiative, stated that the tokenization of financial instruments on public blockchains “unlocks immense potential” by bridging the gap between “institutional needs and decentralized technologies.” The open-source code is now available on GitHub for testing and public access.

In addition, in mid-February, Taurus launched its enterprise-grade custody and tokenization platform, Taurus-CAPITAL, on the Solana blockchain. This platform enables banks and financial institutions to store, manage, and issue digital representations of real-world assets like stocks, bonds, or real estate on Solana. As previously reported by crypto.news, the platform integrates Taurus-PROTECT for secure storage and staking of Solana-based assets, and Taurus-CAPITAL for issuing programmable tokenized assets.

Read more: Bison expands banking network with Deutsche Bank partnership