Digital asset infrastructure provider Taurus has completed its integration with Swift's blockchain-based distributed ledger, enabling financial institutions to use bank-issued tokenized deposits for round-the-clock cross-border payments. According to Investing.com, the Geneva-based firm has integrated Swift smart contracts with its tokenization and custody products, Taurus-CAPITAL and Taurus-PROTECT, on clients' permissioned blockchain infrastructure. First transactions over the ledger are expected within weeks, with the company expecting its first live clients within days. This completion follows Taurus's earlier announcement in July 2025 about the integration, demonstrating the company's commitment to delivering operational solutions for institutional digital asset adoption.
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 and Ethereum Virtual Machine connectivity supplied by Taurus. As reported by Investing.com, the company also supports institutions that already operate Besu or another EVM-compatible system by connecting its tokenization and wallet tools to their existing nodes. Taurus co-founder and managing partner Lamine Brahimi stated that financial institutions need digital asset infrastructure that can work securely with systems they already operate. The integration gives Swift's member banks a route into tokenized deposits without building the infrastructure themselves, with connectivity established in a matter of days for institutions already using Taurus for custody and issuance.
Under the integration, Taurus-PROTECT provides programmable wallet and key-management functions, including governance rules, approval workflows and API-based automation, while Taurus-CAPITAL handles the issuance and management of bank-issued tokenized money. According to Investing.com, Swift's shared ledger serves as an orchestration layer for round-the-clock cross-border payments using tokenized deposits on participating banks' balance sheets, coordinating transfers between institutions before final settlement through existing arrangements, including real-time gross settlement systems. Bank-issued deposits remain on each institution's own ledger, while Swift coordinates their movement between participants, allowing payments to operate overnight and on weekends. The ledger does not change Swift's role as a messaging network, with settlement continuing through existing mechanisms such as real-time gross settlement systems.
The arrangement gives financial institutions access to a network that Swift moved into initial deployment in July 2026 after about nine months of development. As reported by Investing.com, 17 banks across six continents were preparing to test tokenized deposit payments when the ledger entered its first controlled rollout on July 9. Participants included HSBC, Citi, BNP Paribas, UBS, ANZ, DBS and Standard Chartered. Subsequently, Standard Chartered and HSBC completed the first real-time cross-border transactions supported by the ledger, establishing connectivity between their respective tokenized deposit systems. More than 40 financial institutions were involved in designing the system, while Swift's existing network connects more than 11,500 financial institutions and companies across more than 200 markets. The ledger was designed to keep tokenized deposits on banks' own balance sheets rather than displacing commercial bank money, addressing central concerns for institutions watching stablecoins move into cross-border payments.
The Swift connection adds another institutional function to Taurus's digital asset stack, which already combines custody, tokenization, blockchain connectivity and staking services for financial institutions. According to Investing.com, Taurus is also targeting Swift members with no prior digital asset experience, expanding its reach beyond existing clients. The company has said its institutional client base includes State Street, Deutsche Bank, Santander and CACEIS. The company also 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 and continuing to work with the Swiss company as part of its institutional crypto custody infrastructure.
