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Cryptocurrency News Articles
The Hashgraph Association (THA) and Taurus Announce Strategic Partnership to Drive Global Adoption of Hedera's Distributed Ledger Technology (DLT)
Jan 20, 2025 at 11:27 pm
The collaboration will focus on integrating Hedera's native cryptocurrency, HBAR, and the Hedera Token Service (HTS) into Taurus' platform
The Hashgraph Association (THA) has announced a new partnership with Taurus, a leading provider of digital asset infrastructure, to drive global adoption of Hedera’s distributed ledger technology (DLT).
The collaboration will see HBAR, Hedera’s native cryptocurrency, and the Hedera Token Service (HTS) integrated into Taurus’ platform, enabling financial institutions to access cutting-edge solutions for asset custody, staking, and tokenization, while maintaining regulatory compliance and security standards.
The integration will enable banks and other financial institutions to securely store HBAR, perform staking, and issue Hedera-based tokenized assets, all while adhering to strict regulatory and security standards.
Taurus, renowned for its advanced technological infrastructure specializing in custody and tokenization, aligns perfectly with the Hashgraph Association’s vision of enabling Hedera’s use in institutional settings. This integration will also ensure seamless operation across various global markets, addressing the growing need for robust solutions in the financial services sector.
The collaboration will also boost the adoption of Hedera’s enterprise-grade decentralized solutions in sectors like finance and banking, particularly focusing on Europe, Asia, the Middle East, and Africa.
This global effort comes amid growing interest in blockchain technologies and digital assets, driven by an increasingly stable and positive regulatory landscape for cryptocurrencies. The expanded footprint of Hedera’s technology is expected to revolutionize industries globally, paving the way for further innovations.
Hedera, which utilizes the Hashgraph consensus algorithm, offers key advantages such as speed, security, and scalability, making it an ideal choice for enterprise applications.
Moreover, its low and predictable fee structure and carbon-negative footprint are attractive features for businesses seeking sustainable solutions in decentralized finance and supply chain management, positioning it as a forward-thinking platform in a rapidly evolving industry.
Kamal Youssefi, President of the Hashgraph Association, said: “Taurus is a world-class platform for secure digital asset management. With the growing market interest and a more solid regulatory environment, the demand for institutional-grade custody and tokenization solutions has significantly increased.”
Lamine Brahimi, Co-Founder and Managing Partner of Taurus, added: “Adding HBAR to our platform reflects our commitment to supporting the world’s most advanced blockchain and DLT technologies, and we’re excited to collaborate with the Hashgraph Association.”
The partnership reinforces the commitment of both organizations to the global adoption of Hedera and the expansion of its digital asset ecosystem
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