Taurus Turns to Talos for Technology
Posted by Colin Lambert. Last updated: March 31, 2023
Digital asset infrastructure provider Taurus has signed a deal with technology firm Talos to deploy the latter’s white-label solution for its new brokerage business. As part of the deal, Talos has integrated with Taurus-Protect, the firm’s digital asset custody solution for banks.
The firms say the partnership allows clients to access liquidity and trade through Talos’s trading platform, while protecting their assets via Taurus’s custody and tokenisation technology. They will also be able to view live wallet balances and initiate settlement transactions directly through Talos’s trading platform while maintaining governance rules on Taurus-Protect. This reduces operational risks related to settlement, shortens time-to-market and saves costs and reduces integration to zero, the firms claim.
“Talos is a leading and trusted trading technology provider for institutions. We are pleased to have integrated Talos’s solutions to provide easy-to-use turnkey solutions and save most integration costs between trading and custody to our banking and consumer brands clients.” says Lamine Brahimi, co-founder and managing partner at Taurus. “Further, through the Talos collaboration, Taurus continues to support its open architecture model by providing more choice to its clients to use the best solutions available in the market.”
Anton Katz, CEO and co-founder of Talos, adds, “Quality partnerships with industry leaders like Taurus are a critical part of our growth strategy and, more importantly, to the growth of the industry. The ability to integrate Taurus-Protect into our offering provides increased security and optionality for our clients which is more important than ever in today’s markets. Both our company’s values are aligned with our mutual emphasis on security and transparency as well as our focus on scalability and product-market fit.
“Not only can Taurus customers now add Talos trading tech and be able to view their Taurus balances and execute settlement seamlessly, but we also trust that by powering their OTC desk with our White Label for Brokers solution combined with our 24/7 white glove support, Taurus will leap to new heights in Europe and abroad,” he adds.