PANews reported on April 9 that according to The Block, Swiss fintech company and infrastructure provider Taurus launched Taurus-NETWORK on Wednesday, an interbank platform designed to connect global financial institutions to achieve seamless collaboration of digital assets. The network aims to unlock new use cases such as mortgages, real-time settlements, and operational automation while reducing counterparty risk. The new network is built for customers of Taurus-PROTECT, the company's institutional-grade custody solution, to create a licensed ecosystem of regulated institutions. It enables participants to interact securely without relying on third parties to process or unwind transactions.

The network currently includes more than 35 institutions in 10 countries. It enables members to have full control over their digital assets while collaborating across jurisdictions in accordance with local regulatory requirements. Arab Bank Switzerland, Capital Union Bank, Flowdesk, ISP Group, Misyon Bank and Swissquote will join Taurus-NETWORK as founding members at launch.