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Taurus Platform Extends Support to Tezos Smart Contracts -Breaking

by Mike Robinson

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Taurus Platform extends support to Tezos Smart Contracts
  • Taurus platform extends support to Tezos smart contracts.
  • This development is a huge success for both parties.
  • Tezos users are now able to issue or service custom Tezos smart contracts.

Tezos users rejoice as Taurus SA ‘Taurus’ announces its full integration for support of any Tezos smart contracts. Tezos support on Taurus ecosystem includes both the FA1.2 and FA2.0 standards.

Banks and issuers can now book and issue tokenized assets using the Tezos blockchain. These steps can be automated, making them even more efficient. Taurus has been the sole technology provider to offer this service.

Taurus seemed to be able to make the easy decision to support Tezos smart contracts. This is likely due to Tezos’ growing popularity. Smart contract deployments have soared on Tezos in 2021. Transactions on the network now exceed 50 million.

The Co-Founder of Taurus — Lamine Brahimi, says:

Tezos has a high demand market in tokenized assets, NFTs and other areas due to its low transaction costs and efficient proof-of-stake algorithm. We are pleased to allow our clients and prospects – in the financial services, entertainment, gaming industries – to easily and automatically process any Tezos smart contracts and accelerate adoption.

Thus, Taurus’ solutions now allow clients to interact with and issue any Tezos smart contract function without any custom development. The multifaceted partnership with Tezos was launched in 2020. Tezos is also involved in this collaboration. ()Tezos stake, which is the native cryptocurrency of Tezos’ blockchain. FA1.2 and FA2.0 standards include NFTs.

The biggest problem is the fact that enterprise-grade custody systems are often disconnected from issuance platforms. Existing custody platforms have been designed for cryptocurrency, but it’s not possible for asset owners and banks to use these systems for servicing assets.

Taurus proposes solutions to the Tezos community. Tokenized assets can be supported by Taurus since 2020. Any fiduciary obligations relating to them are automatically managed through the detection and processing of any smart contract function call. It happens in a transparent manner that does not require any custom or limitation.

To specify, Taurus’ solutions allow their users the following. Firstly, users can issue and service any custom Tezos’ smart contract (FA1.2 and FA2.0). Secondly, users can interact with any function of Tezos’ smart contracts (FA1.2 and FA2.0) that has for example been already issued by another entity. This will result in significant cost savings, compliance with fiduciary obligations is assured, and users are able to exceed the limit on use cases coverage. Taurus is therefore the sole global digital infrastructure provider capable of managing any Tezos tokenized asset.

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