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Swiss Crypto Custody Firm Taurus Partners with Fintech Lending Platform Teylor

Taurus, a Swiss crypto custody company with backing from Deutsche Bank, has formed a strategic alliance with Teylor, a Zurich-based fintech lending platform specializing in the German SME sector.

In a joint statement released on Thursday, the companies revealed their collaboration aims to tokenize loans for small and medium-sized businesses in Germany, aligning with the growing trend of asset tokenization within the crypto community.

Teylor’s credit portfolio tokens possess the capability to be traded on Taurus’ TDX marketplace, offering potential secondary market trading for enhanced liquidity and investment opportunities.

Lamine Brahimi, Managing Partner and Co-Founder at Taurus, highlighted the historic illiquidity of private SME debt as a primary motivation for the partnership. The Teylor ledger-based security introduces a mechanism for investors to engage in smaller commitments and trade tokens within the regulated TDX marketplace, providing accessibility beyond institutional investment realms.

The tokenization process adheres to Swiss and European regulations and is facilitated through a Luxembourg-based investment vehicle. Brahimi mentioned that Taurus anticipates a significant investment in its new tokenized debt product from institutional investors within the next two weeks.

Taurus’ TDX marketplace has facilitated over $1 billion worth of transactions, covering tokenized equity, debt, structural products, and art. This diverse portfolio showcases the versatility and growing influence of tokenization within the financial sector.

Teylor, backed by prominent investors like Barclays and M&G, specializes in offering loans ranging from €100,000 ($109,000) to €1.5 million ($1.6 million) to German SMEs. Patrick Stäuble, CEO and Founder at Teylor, emphasized the potential of the partnership to open up standardized investment products, allowing professional investors to easily participate in their security token offerings through the TDX platform.