GENEVA, CH – Swiss fintech firm Taurus, a digital asset custody, tokenization, and trading service provider, has partnered with the Ethereum-scaling network Polygon. This collaboration comes at a time when the tokenization of real-world assets is gaining momentum among major financial institutions and large companies.

Taurus’ integration with Polygon will encompass support for staking and decentralized finance (DeFi). The Swiss-based digital asset infrastructure provider had previously secured $65 million in funding during a round led by Credit Suisse and Deutsche Bank in February.

Taurus says that most Tier 1 financial institutions are venturing into the tokenization space and actively building capabilities to manage tokenized securities. In addition, these institutions seek a blockchain-agnostic and token-agnostic infrastructure, making Taurus an attractive partner for their needs.