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Banking Software Provider Temenos Brings Crypto Asset Access to Clients

An integration with crypto firm Taurus will bring a variety of digital assets to Temenos’ banking and institutional clients.

Updated May 9, 2023, 3:19 a.m. Published May 17, 2021, 11:05 a.m.
Geneva, Switzerland
Geneva, Switzerland

Temenos, a provider of banking software, has teamed up with crypto-technology firm Taurus to give clients access to digital assets.

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  • The two Switzerland-based firms will aim to “bridge the gap between traditional investments and digital assets,” Temenos product director Alexandre Duret said in a press release Monday.
  • Taurus recently received a securities license from the Swiss Financial Market Supervisory Authority (FINMA) to operate an independent regulated digital assets marketplace.
  • Taurus offers tokenization, staking, decentralized finance (DeFi) and digital currencies on its platform, and now Temenos’ institutional clients will have access to that platform.
  • The integration is aimed toward making it easier for banks to offer trading of digital assets to their clients through Taurus’ products by enabling custody of digital assets and offering connectivity to more than 10 blockchain protocols.
  • Changes to Swiss regulations in February now give tokenized securities traded on a blockchain the same legal standing as digital assets.

Also read: Digital Assets Firm Taurus Integrates Aave Protocol to Improve Banking Access to DeFi

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Wall Street giant Apollo deepens crypto push with Morpho token deal

Statue of Apollo (Boston Public Library/Unsplash)

The asset manager overseeing more than $900 billion assets may buy up to 90 million MORPHO tokens as part of a partnership to support DeFi credit market, it said.

What to know:

  • Apollo Global Management struck a cooperation agreement to support lending markets built on Morpho’s onchain protocol.
  • The deal allows Apollo to acquire up to 90 million MORPHO tokens over 48 months.
  • The move follows BlackRock's push into decentralized finance earlier this week, listing its tokenized fund and buying tokens of decentralized exchange Uniswap.