Taurus and Teylor collaborate to tokenize German SME loans on TDX Marketplace

  • Taurus and Teylor Partnership.
  • Teylor’s credit portfolio tokens, overseen by Allen and Overy, become tradeable on Taurus’ TDX marketplace.
  • Taurus’ TDX marketplace, with $1 billion+ in transactions, solidifies Switzerland’s role in institutional-grade blockchain treatment for diverse asset classes.

In a groundbreaking move, Swiss crypto custody firm Taurus, backed by Deutsche Bank, has joined forces with Zurich-based fintech lending platform Teylor.

The collaboration aims to tokenize Teylor’s credit portfolio tokens, allowing them to be traded on Taurus’ TDX marketplace, signalling a significant step in the tokenization of traditional finance.

Tokenizing German SME loans on TDX Marketplace

Taurus and Teylor collaboration centers on tokenizing Teylor’s credit portfolio tokens, a move that aligns with the global trend of digitizing traditional financial assets. Overseen by law firm Allen and Overy, Teylor’s credit portfolio tokens will be eligible for secondary market trading on Taurus’ TDX marketplace, adhering to Luxembourg-based investment structures that comply with Swiss and European regulations.

Taurus co-founder Lamine Brahimi emphasized the landmark nature of this tokenized debt product, expected to attract substantial investments from institutional players in the next two weeks. With Taurus’ TDX marketplace already facilitating over $1 billion in tokenized transactions, this move further solidifies Switzerland’s role in providing institutional-grade blockchain treatment across various asset classes.

Teylor, known for offering loans ranging from €100,000 to €1.5 million to Germany’s Mittelstand economy, has garnered support from investors like Barclays. Teylor CEO Patrick Stäuble highlighted that the tokenized loans would target a diverse range of German businesses, spanning industrials, chemicals, precision machinery, and import/export. This initiative addresses the financing needs of businesses that fall between the capacities of traditional bank branches and corporate finance departments.

This strategic collaboration between Taurus and Teylor not only demonstrates the evolving landscape of digital finance but also showcases Switzerland’s commitment to fostering innovation in blockchain-based solutions.

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