Crypto Custodian Taurus Taps Teylor to Tokenize SME Loans

Taurus and Teylor have forged a strategic partnership targeting SMEs and private investors.

by Brian Danga. Fact checked by: Ciaran Lawler, Editor: Nazar Kuzmyn

Published: December 14, 2023 │ 4:00 PM GMT

Taurus bull holding a giant crypto coin. — *Created by Kornelija Poderskytė from DailyCoin*

Crypto custody firm Taurus has announced a new partnership.
The partnership targets SMEs and private investors.
The partnership follows Taurus’ collaboration with Deutsche Bank to offer tokenization services.

Swiss crypto custodian Taurus has partnered with Zurich-based fintech lending platform Teylor to tokenize debt and enhance the accessibility of SME credit as an asset class.

Founded in 2018, Taurus is an enterprise-grade infrastructure provider for digital asset issuance, custody, and trading services to over 25 institutional clients. The company recently partnered with banking giant Deutsche Bank to offer digital asset custody and tokenization services.

Taurus Taps Teylor to Stimulate SME Credit Access

According to a press release dated December 14, Taurus and Teylor have forged a strategic partnership to tokenize Teylor’s SME credit portfolio and provide token holders with monthly cashflows.

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Per the statement, tokenizing part of Teylor’s credit portfolio on the Taurus infrastructure and TDX-regulated marketplace would allow Private Debt investors to participate in the returns through a secure blockchain-based secondary market, marking the first Luxemburg-based private debt portfolio tokenization.

Teylor CEO and Founder Patrick Stäuble lauded the partnership, noting that it would help smaller family offices and individual professional investors to participate in the company’s portfolio returns.

“The available capital of this investor class is typically not sufficient for a private transaction. With the admission of the Teylor ledger-based security on the TDX platform, we can now offer a standardized investment product. Professional investors can simply open an account and trade our security token,” Stäuble stated.

While the Taurus team has a proven track record, commanding a 50%+ finance market share in Switzerland, Teylor has processed over €3 billion in SME debt over the last three years.