According to The Block, Swiss fintech company Taurus has partnered with encryption data company Kaiko to provide institutions with “market information that meets regulatory requirements to support their digital asset activities.”
Kaiko obtains and standardizes data from over 100 centralized and decentralized exchanges. Through this integration, Kaiko's pricing and liquidity data will be made available directly on the Taurus platform.
Taurus was founded in 2018 and provides digital asset infrastructure to nearly 40 banks, including State Street Bank and Deutsche Bank. Last month, the company opened its first office in the United States. Kaiko was established in 2014 and offers market data, pricing services, DeFi data, and more for institutional investors.
“At Taurus, we are committed to providing the strongest foundation for financial institutions' digital asset strategies,” said Chief Marketing Officer Victor Busson in a press release. “By integrating Kaiko's data services into our platform, clients can access reliable market information directly, enhancing transparency and meeting their compliance requirements.”
The two companies stated in the press release that the integrated data can reduce operational costs, improve valuation processes, and strengthen risk and compliance frameworks.
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