Digital asset infrastructure provider Taurus has integrated its tokenization and custody platforms with Swift’s blockchain-based ledger, allowing clients to connect existing digital asset infrastructure for payments using bank-issued tokenized deposits. Taurus expects the first client integrations to go live within days and initial distributed ledger technology transactions through its platforms within weeks. Swift said in July that its ledger was ready for initial use, with 17 banks across six continents preparing to pilot live tokenized-deposit transactions. Standard Chartered and HSBC have since completed the ledger’s first live cross-border transaction using their separate tokenized deposit systems. The ledger acts as an orchestration layer for round-the-clock cross-border payments, coordinating transfers between institutions before final settlement through existing arrangements such as real-time gross settlement systems.