ClearBank Selects Taurus to Support Its Stablecoins Related Services

ClearBank, the enabler of real-time clearing and embedded banking, and Taurus, a global leader in digital asset infrastructure, announced a strategic agreement under which ClearBank has selected Taurus-PROTECT to serve as its wallet infrastructure provider, supporting digital asset services for its clients.

The agreement will enable ClearBank to leverage Taurus’ technology to advance its digital asset strategy in a secure, scalable, and compliant manner, with a focus on supporting stablecoin-related services for its clients.

ClearBank will further benefit from the integration of Taurus-PROTECT with Circle Mint, Circle’s platform that allows financial institutions to mint and redeem MiCAR-compliant USDC and EURC. This comes shortly after ClearBank announced that it plans to join the Circle Payment Network, enabling clients to move value globally with internet-speed and blockchain transparency.

By complementing conventional payment networks with advanced solutions, stablecoin innovations could significantly improve the efficiency and cost profile of functions such as corporate payments and international remittances.

“As our clients explore digital assets, they expect the same standards of security, resilience, and governance that they receive from our existing services,” said Mark Fairless, Chief Executive Officer at ClearBank. “We’re pleased to be working with Taurus-PROTECT, which gives us the robust and compliant digital asset solutions we need. This partnership is an important step for ClearBank as we bring new, innovative services to our clients and help shape the future of payments.”

Taurus-PROTECT is part of Taurus’ end-to-end digital asset infrastructure platform, designed specifically for banks and financial institutions. It provides secure safekeeping and management for a wide range of digital assets and can be deployed in different operating models to meet regulatory and operational needs.

“We are delighted that ClearBank has chosen Taurus-PROTECT as the foundation for its digital asset solution capabilities,” said Lamine Brahimi, Co-founder and Managing Partner at Taurus. “ClearBank is recognised as an innovator in payments and clearing, and we look forward to supporting them as they modernise cross-border finance.”