Credit Suisse-backed Firm Taurus Polygon for Asset Tokenization

Taurus, a Swiss crypto infrastructure firm, is expanding its tokenization and custody platforms by integrating with the Polygon blockchain network.

This means that Taurus’s clients, which include Credit Suisse and Deutsche Bank, now have access to Polygon, a scaling network for Ethereum that is characterized by low fees, increased speed, and a user-friendly smart contract development platform and tools.

Tokenization of assets, such as equity and debt, is seen by many as a key catalyst for mainstream cryptocurrency adoption, and the market for tokenization is estimated to grow to $16 trillion, or 10% of global GDP, by 2030.

In response to high demand from its clients, Taurus has seen a surge in the use of its tokenization platform – 70% of customers now use it, compared to only 10% two years ago.