Taurus and Figment Partner to Bring Staking to Banks
By: financefeeds|2025/05/02 17:15:01
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Taurus SA has announced a new partnership with Figment that will integrate Figment’s staking infrastructure into Taurus’ digital asset custody platform, expanding regulated institutional access to staking rewards on major blockchain networks including Ethereum and Solana. The collaboration will allow Taurus’ banking clients to stake digital assets through the Taurus PROTECT platform using Figment’s enterprise-grade infrastructure while retaining full ownership and control over their assets and associated rewards. This integration targets regulated financial institutions seeking secure and compliant exposure to Proof-of-Stake protocols. Staking for regulated banks and large institutions Eva Lawrence, Regional Managing Director in EMEA at Figment, commented, “We are pleased to announce our partnership with Taurus to provide Figment’s best-in-class staking infrastructure through the secure and reliable Taurus-PROTECT platform. This collaboration leverages both companies’ experience working with leading regulated banks and large institutions, and we are proud to provide a seamless and robust asset custody solution that enables staking which is tailored to meet the needs of this customer base.” Taurus said the partnership aligns with its goal to enable its institutional clients to diversify their digital asset operations beyond custody and trading by integrating staking into a secure regulatory framework. The solution combines Taurus’ custody infrastructure with Figment’s expertise in staking, including slashing protection, reward tracking, and API integration. Victor Busson, Chief Marketing Officer at Taurus, commented, “This collaboration between Taurus and Figment brings together two firms that share a deep institutional DNA. It reflects our commitment to providing regulated financial institutions with secure, compliant, and scalable access to staking services.” The partnership makes use of Taurus PROTECT, Taurus’ custody solution tailored for systemic and universal banks. Through the platform, institutions will be able to stake supported digital assets without compromising custody security or regulatory compliance. Taurus PROTECT is integrated into the broader Taurus digital asset infrastructure, which supports issuance, trading, and tokenization. Taurus is regulated by Switzerland’s FINMA Taurus is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and serves a wide range of financial institutions, including private banks, broker-dealers, and crypto-native firms. The company also operates TDX, a trading venue for tokenized securities. Figment provides staking services to more than 700 institutional clients globally and is the largest non-custodial staking provider on Ethereum. Its staking suite includes audit-grade infrastructure, automated tools, and client-facing portals for reward monitoring and staking execution. Both firms said the integration would further streamline staking access for banks that prioritize regulatory oversight and risk mitigation. By combining secure infrastructure with staking capabilities, the offering responds to growing institutional interest in on-chain yield without the need to self-manage validator infrastructure. The announcement comes as regulated institutions increasingly seek exposure to blockchain rewards mechanisms, especially as Proof-of-Stake networks continue to mature and offer non-speculative revenue streams. Taurus and Figment said additional supported blockchain protocols will be announced as the integration progresses.
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