Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Integration of Algorand blockchain & Taurus Platform is Complete

Integration of Algorand blockchain & Taurus Platform is Complete

Kelly Cromley by Kelly Cromley
Jun 20, 2022
in Market News, News
Reading Time: 3 mins read
0

The Algorand blockchain, touted as a Pure Proof-of-Stake (PPoS) blockchain, has now been completely embedded with Taurus SA. This integration includes the support of ALGO, the blockchain’s native crypto token, staking functionalities, and Algorand Standard Assets (ASA), which are used for the release of both fungible and non-fungible tokens.

The high-performing Layer-1 blockchain developed by Algorand, which was established by the cryptographer Silvio Micali, winner of the Turing Award, is unrivaled when it comes to building technologies that are quick, seamless, and accessible to anyone. Every sector is being disrupted by Algorand, from traditional finance and derivative finance to new creative economies and well beyond. Its viable technology enables increased engagement, openness, and productivity for everyone thanks to an unprecedented dedication to compatibility and consistent delivery.

The Algorand network is reshaping the future generation of financial solutions, modalities, and the transfer of money. This is happening because the Algorand technology is the preferred technology for more than 2,000 worldwide businesses. Taurus-PROTECT, the leading custodial platform for financial institutions, has completed the integration of the Algorand blockchain. ALGO native coin, ALGO staking abilities, and ASA Algorand Standard Assets are now all supported by it. Customers of Taurus will be able to leverage Algorand to create silent revenue by receiving staking rewards and releasing and maintaining tokenized assets while harnessing ASA. This will be possible via the use of Algorand. In addition, Taurus has extended the capabilities of its blockchain connection infrastructure, known as Taurus-EXPLORER, so that it can now accommodate Algorand.

Pietro Grassano, Business Solutions Director for Europe at Algorand, said “It is quite exciting to see that Taurus, a digital assets network that is a leader in the sector, has now connected with the Algorand blockchain. This is an amazing new route for financial firms to utilize all that Algorand’s Layer-1 has to deliver, from performance and scalability to safety and the least environmental effect. Financial institutions may now take use of everything that Algorand’s Layer-1 has to present.”

Dr. Jean-Philippe Aumasson, co-founder and Chief Security Officer at Taurus, said: “Many of our customers have requested that we provide them direct connections to the Algorand protocol so that they may take use of its tokenization features. We are therefore delighted to collaborate with Algorand to unleash innovative approaches and to keep providing the broadest possible options to our customers. This is not just with respect to base layer 1 covenants, as well as in terms of tokenization functionalities, an area in which Taurus has become the unquestionable frontrunner. We hope that this partnership will allow us to continue offering the broadest choice that is possible to our customers.”

The Algorand Foundation is an institution that does not want to make a profit from its activities and has the goal of creating a boundry-less and seamless economy that is based on public and decentralized blockchain technology. The Algorand Foundation has big plans for the Algorand covenant, and one of those plans is for a fresh and expanded community of blockchain and mainstream programmers to build a wide variety of apps on top of it. The Foundation is dedicated to fostering innovative innovation in a way that is both environmentally responsible and economically viable.

In April of 2018, Taurus SA was established in Geneva, Switzerland, with a primary focus on blockchain technology and crypto assets. Taurus was established by top executives who had prior experience in the fields of banking, regulation, information technology, and cyber safety. With a single, unified platform, Taurus provides its customers with the framework necessary to handle ANY kind of digital asset, including cryptocurrencies, tokenized assets, and other digital tokens. It is the dominant player in Switzerland and all of Europe. Taurus products are now being used commercially and have been employed by a wide variety of banking institutions, including systemic banks, financial institutions, private banks, retail/digital banks, crypto-banks, and trading platforms.

Previous Post

Ukraine Joins European Blockchain Partnership

Next Post

Shell Unveils Blockchain Powered Sustainable Aviation Fuel Project

Related Posts

chromia-partners-with-tac

Chromia and TAC Join Forces to Power Decentralized Telegram Apps

by Kelly Cromley
Jun 24, 2025
0

Chromia has formalized a strategic collaboration with TAC, a purpose-built Layer-1 network focused on resolving compatibility challenges between Ethereum Virtual...

fiserv

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
0

Global financial technology firm Fiserv has revealed plans to introduce its own stablecoin, FIUSD, along with a supporting digital asset...

Midnight Network

Midnight Network Rolls Out Glacier Drop Airdrop to Millions

by Kelly Cromley
Jun 24, 2025
0

Midnight Network, a privacy-oriented blockchain built on the Cardano infrastructure, has announced an expansive airdrop campaign known as the Glacier...

Kraken

Kraken and DeFi Development Bring Tokenized Stocks to Solana

by Kelly Cromley
Jun 24, 2025
0

In a strategic move to merge traditional equity markets with blockchain technology, DeFi Development (DFDV), a decentralized finance firm, has...

tether stablecoin usdt

Tether Boosts Stablecoin Reserves with $2B USDT Mint on Tron

by Kelly Cromley
Jun 24, 2025
0

Tether has continued its rapid pace of stablecoin expansion by minting an additional $2 billion USDT on the Tron blockchain....

Nexus zkVM

Nexus Launches Final Testnet to Power Verifiable AI Future

by Kelly Cromley
Jun 24, 2025
0

Nexus, a forward-looking blockchain company focused on creating a Layer 1 network tailored for the artificial intelligence (AI) era, has...

Next Post
Shell Unveils Blockchain Powered Sustainable Aviation Fuel Project

Shell Unveils Blockchain Powered Sustainable Aviation Fuel Project

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

chromia-partners-with-tac
Market News

Chromia and TAC Join Forces to Power Decentralized Telegram Apps

by Kelly Cromley
Jun 24, 2025
fiserv
Market News

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
Midnight Network
Market News

Midnight Network Rolls Out Glacier Drop Airdrop to Millions

by Kelly Cromley
Jun 24, 2025
Kraken
Market News

Kraken and DeFi Development Bring Tokenized Stocks to Solana

by Kelly Cromley
Jun 24, 2025
tether stablecoin usdt
Market News

Tether Boosts Stablecoin Reserves with $2B USDT Mint on Tron

by Kelly Cromley
Jun 24, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree