ClearBank, an enabler of real-time clearing and embedded banking, and Taurus, a digital asset infrastructure provider, have announced a strategic agreement under which ClearBank has selected Taurus-PROTECT to serve as its wallet infrastructure provider, supporting digital asset services for its clients.
The agreement will enable ClearBank to use Taurus’ technology to advance its digital asset strategy in a secure, scalable, and compliant manner, with a focus on supporting stablecoin-related services for its clients.
ClearBank will further benefit from the integration of Taurus-PROTECT with Circle Mint, Circle’s platform that allows financial institutions to mint and redeem MiCAR-compliant USDC and EURC.
This comes shortly after ClearBank announced that it plans to join the Circle Payment Network, enabling clients to move value globally with internet-speed and blockchain transparency.
Taurus-PROTECT is part of Taurus’ end-to-end digital asset infrastructure platform, providing secure safekeeping and management for a range of digital assets and can be deployed in different operating models to meet regulatory and operational needs.
Mark Fairless, CEO at ClearBank, remarks: “As our clients explore digital assets, they expect the same standards of security, resilience, and governance that they receive from our existing services.”
“We’re pleased to be working with Taurus-PROTECT, which gives us the robust and compliant digital asset solutions we need. This partnership is an important step for ClearBank as we bring new, innovative services to our clients and help shape the future of payments.”
Lamine Brahimi, co-founder and managing partner at Taurus, remarks: “We are delighted that ClearBank has chosen Taurus-PROTECT as the foundation for its digital asset solution capabilities. ClearBank is recognised as an innovator in payments and clearing, and we look forward to supporting them as they modernise cross-border finance.”
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