Taurus and Parafin Partner to Boost Crypto Adoption in Europe and Latin America

Taurus and Parafin, two leading fintech companies, have formed a strategic partnership to deliver blockchain infrastructure to financial institutions in Europe and Latin America. This collaboration aims to accelerate the adoption of crypto custody and settlement services across both regions. As part of the partnership, Taurus has integrated its product suite into Parafin’s institutional platform, creating an end-to-end solution for digital asset management. This includes custody, governance, and compliant token issuance, as announced by the companies on May 27.

Financial institutions utilizing the integrated Taurus-Parafin solution will gain access to a range of services, including custody and tokenization services, real-time wallet execution, and a full range of trading capabilities. Taurus is renowned for its enterprise digital asset custody and tokenization solutions, enabling businesses to issue, store, and trade various crypto products. Parafin, while not a blockchain-native company, offers financial infrastructure and merchant services for small businesses. In December, Parafin was valued at $750 million following a $100 million late-stage funding round.

This partnership is particularly significant for Taurus, as it provides deeper inroads into Latin America, a region known for its heightened crypto adoption. The collaboration is expected to facilitate the integration of blockchain technology within traditional financial systems, addressing the growing demand for digital assets among institutional investors. By combining their expertise, Taurus and Parafin aim to provide a robust and secure infrastructure that can support the entire lifecycle of digital assets, from custody and trading to settlement and reporting.

The move by Taurus and Parafin comes at a time when there is a growing demand for institutional-grade solutions in the cryptocurrency space. Financial institutions are increasingly looking for ways to incorporate digital assets into their portfolios, but they require robust and secure infrastructure to do so. The partnership between Taurus and Parafin addresses this need by offering a comprehensive suite of services that can meet the diverse needs of financial institutions looking to integrate cryptocurrency into their operations.

In summary, the partnership between Taurus and Parafin represents a significant step forward in the adoption of blockchain technology in the financial sector. By combining their expertise and resources, the two companies are well-positioned to provide the infrastructure needed to support the growing demand for digital assets among institutional investors. This collaboration is expected to have a positive impact on the financial landscape in Europe and Latin America, as well as globally, as more institutions look to integrate cryptocurrency into their operations.