Taurus and Temenos Join Forces

Swiss cryptocurrency custody firm Taurus is collaborating with Temenos, a major provider of core banking software, enabling banks to quickly create crypto wallets and manage digital assets.

Key Points

• Temenos operates in 40 countries with 67 offices and serves over 3,000 banks and financial institutions.
• The integration facilitates one-click crypto wallets that connect seamlessly to traditional accounts, alongside automated processes for deposits, transfers, and withdrawals.

Insight from Lamine Brahimi

"It means banks using Temenos can have exposure to any type of digital assets they want. That could be cryptocurrencies, tokenized securities, stablecoins, even memecoins if they wish and their risk department is open to it," said Lamine Brahimi, Co-Founder of Taurus.

Strategic Timing

Brahimi emphasized the significance of this collaboration amidst evolving regulatory landscapes in the U.S. geared towards cryptocurrency support, as well as regulations coming into effect in Europe.

This initiative marks an important transition for financial institutions looking to integrate digital asset management with traditional banking operations.