Digital asset infrastructure provider Taurus has connected its tokenization and custody platforms to Swift's blockchain-based shared ledger, giving financial institutions a route to use bank-issued tokenized deposits for round-the-clock cross-border payments.
Taurus Gives Banks a Route Into Swift's Tokenized Deposit Ledger
Taurus said the integration connects Swift smart contracts with Taurus-CAPITAL and Taurus-PROTECT on clients' permissioned blockchain infrastructure. The first client connections are expected within days and initial distributed ledger transactions are planned within weeks. Existing Taurus clients can add the connection to infrastructure already running in production, while banks without their own blockchain systems can use managed Hyperledger Besu infrastructure supplied by Taurus.
Taurus-PROTECT provides programmable wallet and key-management functions, including governance rules, approval workflows and API-based automation. Taurus-CAPITAL handles the issuance and management of bank-issued tokenized money while allowing deposits to remain on the issuing bank's balance sheet. This infrastructure integration parallels the blockchain banking initiatives like the BankChain 2027 U.S. launch targeting community banks.
Swift's Ledger Keeps Tokenized Deposits on Bank Balance Sheets
Swift's shared ledger is designed as an orchestration layer between participating institutions, coordinating transfers of tokenized deposits before final settlement takes place through established payment arrangements. Bank-issued deposits remain on each institution's own ledger, while Swift coordinates their movement between participants. Payments can operate overnight and on weekends, extending availability beyond the overlapping business hours that can restrict traditional cross-border transfers.
Final settlement still takes place through existing mechanisms, including real-time gross settlement systems. The structure differs from stablecoins because the underlying money remains within the commercial banking system and under the banking regulatory framework. This model has already moved past its initial development stage, with Standard Chartered and HSBC completing the ledger's first live cross-border transaction. The institutional tokenization trend extends to other financial products, as seen with the Franklin Templeton tokenized fund on HashKey and India's first tokenized corporate bonds using the digital rupee.
Taurus Expands Infrastructure Already Used by Financial Institutions
The Swift connection adds another institutional function to Taurus' digital asset stack, which already combines custody, tokenization, blockchain connectivity and staking services. During June, Taurus added institutional staking through an integration with P2P.org, giving banks access to validator infrastructure while allowing them to keep custody and control of their assets. Taurus has said its institutional client base includes State Street, Deutsche Bank, Santander and CACEIS.
Taurus has also built its products across multiple blockchain environments, expanding Taurus-CAPITAL to Solana in February 2025. The company opened a New York office in October 2025 as it expanded its presence in the U.S. market. Its relationship with Deutsche Bank extends into the German lender's digital asset plans, with Deutsche Bank backing Taurus in a $65 million funding round. More than 40 financial institutions were involved in designing Swift's system, while Swift's existing network connects more than 11,500 financial institutions across more than 200 markets.
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