Deutsche Bank-Backed Taurus Starts Tokenizing German SME Loans
Summary
Taurus, a Swiss crypto custody company, and Zurich-based fintech lending platform Teylor are partnering to introduce Teylor's credit portfolio tokens to secondary market trading on Taurus' TDX marketplace. The tokens are regulated by Swiss and European laws and were created via a Luxembourg-based investment vehicle. Co-founder of Taurus Lamine Brahimi revealed that the tokenized debt product for the German small and medium-sized enterprises (SME) market will be given significant investments from institutional investors within the next two weeks. Teylor, which offers loans between 100,000 euros and 1.5 million euros to Germany's Mittelstand economy, has executed nearly $25 million of loans last month.
