Deutsche Bank-Backed Taurus Expands Reach with $41T State Street Partnership

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State Street Corporation (NYSE: STT) and Taurus SA („Taurus“), a global leader in digital asset infrastructure, today announced a strategic agreement that will deliver trusted and reliable digital assets capabilities for State Street Bank and Trust Company clients. The agreement will further enhance State Street Digital, which seeks to provide an integrated business and operating model that supports the digital investment lifecycle.

“The collaboration with Taurus underscores our ongoing commitment to further establishing ourselves as leaders in this growing asset class, and this important announcement only enhances our ambition to deliver to our clients an amazing digital asset experience,“ said Donna Milrod, State Street’s chief product officer and head of State Street Digital. “We are excited to be working with Taurus as we continue to elevate our digital asset capabilities and deliver the innovative solutions our clients have been seeking.”

Taurus is an industry-leading digital asset infrastructure provider that specializes in serving large financial institutions. Subject to receipt of applicable regulatory approvals, State Street will leverage Taurus’ fully integrated, custody, tokenization and node-management solutions to automate the issuance and servicing of digital assets, including digital securities and fund management vehicles, in accordance with applicable institutional standards.

The collaboration comes at a time when institutional interest in digital assets is at an all-time high. State Street remains committed to providing its clients with best-in-class solutions for this emerging space.

State Street will be leveraging three of Taurus’ industry leading products including, Taurus-PROTECT, Taurus-CAPITAL, which streamlines the process of creating and managing tokenized assets throughout their lifecycle, and Taurus-EXPLORER, which provides blockchain connectivity to dozens of different blockchain protocols.

“We are thrilled to have been chosen by State Street as a strategic partner for custody and tokenization and are excited about our collaboration and the opportunity to introduce innovative digital asset products and services to the industry”

said Lamine Brahimi, co-founder and managing partner of Taurus.

State Street’s digital custody product offering is subject to regulatory approval.

To learn more about State Street Digital and its digital assets capabilities, visit here.

Related Post

This Year’s Theme: “On the Move”

Throughout history, people have left their homes for a variety of reasons and have found themselves in faraway places. This has led to encounters with foreign lands, their inhabitants, their customs, their flora and fauna. Cultural heritage collections are full of artifacts resulting from and bearing witness to those people “on the move”: archival records, travel reports, audiovisual documents, object collections, oral histories etc. These artifacts weave an invisible web between people and places, between events and stories being told about them, between heritage collections and scholars, and between the people of every generation making sense of them – through artistic creation, through the (de-)construction of collective memories, or by exploiting them in the pursuit of political or economic interests.

The thematic focus is intended as a source of inspiration; hackathon participants are free to work on other topics related to cultural heritage.

Datasets

SHARE YOUR DATA in view of the upcoming Open Cultural Data Hackathon:

You may own yourself cultural data that you are ready to share. Please look at the infosheets and if you have any questions, feel free to contact: lionel.walter(at)openglam.ch

New Datasets

The list of new datasets that have been made available in view of this year’s hackathon will follow shortly.

Selection of Earlier Datasets

Below is a selection of earlier datasets that fit in well with this year’s theme:

You may also want to consult our full list of open datasets for further inspiration.

Hackathon Challenges

Do you already have a challenge or an idea for a project to work on during the hachakthon? – If yes, feel free to share it on our challenges page. You will be invited to pitch your challenge or project idea at the beginning of the hackathon to invite others to form a team and work on it during the event.

Workshop GLAM & Digital Humanities (Thursday Afternoon)

The Swiss network for the digital humanities DARIAH-CH is setting up a GLAM Working Group. The new working group’s mission is to strengthen the cooperation between the Heritage Sector, the Cultural Sector, Public Administration, and the Digital Humanities in the area of data and data infrastructures.

If you are a researcher, work in the cultural heritage field, or are otherwise interested in the topic, you are welcome to join us for this workshop where we will start devising the action plan of this working group.

Open GLAM Night (Thursday Evening)

Celebrate with us the Open GLAM Night at Lucerne Neubad with contributions from Mexican artists, a participatory performance of the Swiss Afro-Cuban artist Ivonne Gonzalez, and a kaleidoscope of “remarkable” Lucernese people.

The first part of the event will be live-streamed to one of the cinemas of the Complejo Cultural of the Benemérita Universidad Autónoma de Puebla (BUAP), our Mexican partner organization.

The event is open to the public at large. Admission is free. Consumption at Neubad is at participants’ own expense. No registration is required if you plan to attend only this public event.

The detailed programme is available here.

Hackathon Program (Friday & Saturday)

The hackathon takes place from Friday morning to Saturday evening at Moderne Bar & Karussell/ZHB Luzern. We will meet on Friday morning in the Moderne Bar & Karussell (Pilatusstrasse 21). Then we will inform you about the locations and where exactly the workplaces are. Note that the detailed programme is subject to change. If you have any questions, please contact Gaston Wey.

Organizers

This event is organized by the OpenGLAM CH Working Group of the opendata.ch association, with contributions from:

Free as in freedom

We thank our sponsors for being able to offer free tickets and support to all GLAMhack participants. However, places are strictly limited and we hope to account for everyone. If you register for an event and do not show up, this means that someone else may not be able to participate, and it will generate food waste. Therefore we kindly ask you to notify us as soon as you can in the event of sickness or change of plans. Failing to do this, we ask you to make a voluntary donation of 100 CHF.

What else….

Watch the the project presentations of the GLAMHack 2023 in Geneva.

Learn more about the first nine Open Swiss Cultural Data Hackathons.

In the meantime, follow Opendata.ch on Twitter, LinkedIn.

Check out our open GLAM Newsletter and Opendata.ch Newsletter.

Stay tuned for more or write to [gaston.wey at opendata.ch] for more information.

Curious about all things GLAM (Galleries, Libraries, Archives and Museums)? Check out our website.

We can’t wait to see and hack with you!

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