The initiative will afford Taurus’ clientele with the ability to maintain backups for their on-premise digital asset infrastructure, as Taurus-PROTECT will be linked to CoinCover’s Recover for Institutions product
The collaboration aims to provide banks with a framework for managing both traditional fiat-based payments, along with GENIUS Act-compliant stablecoins, removing the need for them to build or maintain blockchain infrastructure
The collaboration intends to extend Stable Sea’s payout and settlement capabilities and address the reliance of cross-border payments on legacy infrastructure, along with its subsequent challenges
The firm says they are the first tokenised fund products to be provided with a privacy wrapper on public blockchain infrastructure, and offered built-in, hardware-enforced privacy
The solution, deployed by federally chartered Anchorage Digital Bank, aims to offer banks stablecoin minting and redemption, custody, fiat treasury management, and settlement in a single package
