Taurus Becomes Teylor's Partner in Cryptocurrency Endeavor

Taurus, a company with the backing of Deutsche Bank (DBK), has recently unveiled a strategic partnership with Teylor, a fintech lending platform. This partnership marks a significant development in the cryptocurrency industry, as it paves the way for the tokenization of Teylor's credit portfolio assets.

Teylor's credit portfolio assets, overseen by the legal firm Allen and Overy, may soon be available for trading on the secondary market through the Taurus TDX platform. According to Lamine Brahimi, co-founder of Taurus, another undisclosed investment company based in Luxembourg is also involved in the tokenization process. Importantly, the product fully complies with European regulatory standards.

Lamine Brahimi emphasized that the TDX market is just one facet of Taurus's business, in addition to custodial services. Taurus has already executed over 20 major transactions involving tokenized capital, debt, structured products, and art objects, collectively valued at over €1 billion.

The tokenization of real-world assets (RWA) has gained widespread popularity worldwide and is considered a leading trend in the cryptocurrency industry. Teylor, in particular, offers loans ranging from €100,000 to €1.5 million to emerging businesses in Germany, with support from the British bank Barclays (BARC). Last month, the organization extended loans totaling approximately €25 million, as announced by its CEO, Patrick Stöbele.

Patrick Stöbele emphasized that they provide loans to enterprises with annual revenues ranging from €5 million to €50 million. The loans to be tokenized will benefit promising German businesses spanning industries from manufacturing, chemicals, and precision equipment to import and export companies.