Taurus Integrates with SWIFT Ledger for 24/7 Tokenized Deposit Cross-Border Payments

Taurus plugs into SWIFT’s shared ledger to power 24/7 tokenized deposit payments Swiss digital-asset infrastructure provider Taurus has integrated its custody and tokenization stack with SWIFT’s blockchain-based shared ledger, giving banks a ready route to use bank-issued tokenized deposits for round-the-clock cross-border payments. What the integration does - Taurus has connected SWIFT smart contracts to its Taurus‑CAPITAL (issuance/management of tokenized deposits) and Taurus‑PROTECT (custody, programmable wallets and key management) on permissioned blockchain infrastructure. - Taurus‑PROTECT supplies governance rules, approval workflows, API automation and key-management for programmable wallets. Taurus‑CAPITAL issues and controls tokenized bank money while the underlying deposits stay on the issuing bank’s balance sheet. - The integration supports three deployment paths: (1) existing Taurus customers can extend live production infrastructure, (2) banks that run Besu or any EVM‑compatible node can hook their nodes up, and (3) banks without blockchain infrastructure can use Taurus’s managed Hyperledger Besu + EVM connectivity. Why it matters - SWIFT’s shared ledger acts as an orchestration layer that coordinates transfers of tokenized deposits between participating banks; final settlement still happens via existing rails (RTGS and other settlement systems). That means banks can offer 24/7 cross-border payments without ripping up their current settlement and compliance frameworks. - Tokenized deposits remain one-to-one with deposits on an issuing bank’s balance sheet, distinguishing them from stablecoins and keeping transactions inside the regulated banking system. Market context and adoption - SWIFT moved the ledger into initial deployment in July after about nine months of development. Dozens of global banks were involved in the design phase — Taurus says more than 40 institutions contributed — and SWIFT’s broader network already connects over 11,500 institutions in 200+ markets. - At the ledger’s early rollout, some 17 banks across six continents were preparing to test tokenized deposit payments. Named participants have included HSBC, Citi, BNP Paribas, UBS, ANZ, DBS and Standard Chartered. Standard Chartered and HSBC have also completed the ledger’s first live cross‑border transaction, linking separate tokenized deposit systems via SWIFT. Taurus’s wider product ecosystem - The SWIFT connection extends Taurus’s existing digital-asset stack, which combines custody, tokenization, blockchain connectivity and staking services. In June Taurus added institutional staking through a P2P.org integration, giving banks access to validator infrastructure while retaining custody and control. That staking connectivity covers Ethereum and multiple proof‑of‑stake networks (Solana, Polkadot, Cosmos, NEAR, Cardano, Tezos). - Taurus counts institutional clients such as State Street, Deutsche Bank, Santander and CACEIS. Deutsche Bank also participated in a $65 million funding round for Taurus and continues to collaborate with the firm on custody infrastructure. - Taurus has been expanding chain support — for example, Taurus‑CAPITAL was extended to Solana in February 2025 — and opened a New York office in October 2025 as it grows in the U.S. market. How quickly banks can connect Taurus says existing customers can add SWIFT ledger connectivity to production infrastructure in a matter of days. The company expects the first client connections within days and initial distributed‑ledger transactions using the integration within weeks. Taurus co-founder Lamine Brahimi summarized the value proposition as enabling financial institutions to extend digital-asset capabilities into tokenized deposits and cross‑border payments “while retaining control over their infrastructure” — effectively allowing banks to pilot and scale tokenization without overhauling their back‑office settlement or compliance arrangements. Bottom line The integration gives banks a turnkey route into SWIFT’s shared ledger for tokenized deposits, pairing SWIFT’s coordination layer with Taurus’s custody, tokenization and wallet tooling — a practical step toward broader, around‑the‑clock cross‑border payment rails built on tokenized bank money.