In Brief
- Wyden (Wyden Infinity) is integrating with Taurus’ custody stack Taurus-PROTECT to connect trading + custody in one workflow.
- Institutions can execute and settle digital-asset trades without moving funds/assets to an exchange first.
- The setup aims to reduce counterparty risk and operational risk.
Wyden and Taurus have partnered to connect Wyden’s institutional digital-asset trading platform, Wyden Infinity, with Taurus-PROTECT, a custody system used by regulated financial institutions. The integration lets banks execute and settle crypto trades directly from secure storage rather than moving assets onto exchanges in advance.
The integration is aimed at one of the biggest operational pain points for institutions active in digital assets: the need to pre-fund trading venues or rely on manual transfers to get assets into position for execution. That workflow can introduce additional counterparty exposure and operational risk — and it tends to slow down execution when governance checks and approvals are required.
Under the arrangement, Wyden will handle order management, routing and execution while Taurus-PROTECT maintains custody and policy controls around assets, according to the companies. Taurus-PROTECT is designed for “hot, warm and cold” storage and supports institutional security tooling such as hardware security modules and multi-party computation options.
The firms said the connector supports near-real-time settlement workflows, including pre-trade checks, post-trade confirmations, and automated treasury movements — an attempt to bring more straight-through processing into digital-asset markets that still rely heavily on manual steps for regulated participants.
“Bringing together Taurus-PROTECT’s robust custody infrastructure with Wyden’s trading and lifecycle automation” creates “a single, automated pathway from custody to trading and settlement,” Wyden founder Andy Flury said in the statement. Taurus Chief Marketing Officer Victor Busson said the goal is to “remove the gap between custody and trading” for institutional clients.
Wyden positions Infinity as an end-to-end platform spanning pre-trade through post-trade workflows, including settlement and related processes, targeting banks, brokers and other institutions.
The Taurus tie-up also deepens an existing commercial relationship: the companies said they have been connected through Wyden’s liquidity network since 2023 and are now extending that connectivity into a more unified operating workflow that links custody with execution, treasury and settlement.
The custody angle matters because large financial institutions typically have strict internal requirements around segregation of duties, approvals, audit trails and asset controls. By keeping assets in custody while still enabling trading, vendors are trying to offer a structure closer to familiar market plumbing — where trading and safekeeping are integrated but controlled — rather than forcing banks into exchange-centric operating models.
Taurus has marketed Taurus-PROTECT as “banking-grade” custody infrastructure and has worked with major financial firms. Deutsche Bank, for example, announced a global partnership with Taurus in September 2023 to use its custody and tokenization technology for cryptocurrencies, tokenized assets and digital currencies.
For the broader market, the push toward custody-to-trade integration reflects a wider effort to make institutional crypto activity look more like traditional markets: automated controls, clear governance, and reduced operational friction. The biggest hurdle has often been the gap between secure storage (where regulated firms prefer assets to sit) and execution venues (where trading actually happens). That gap has historically been bridged with transfers — and, in some cases, significant balances left on venues to ensure timely execution.
Wyden and Taurus are effectively betting that more banks and brokers will expand digital-asset offerings if they can reduce the need to move assets between systems and make the trade lifecycle easier to audit. Whether that leads to broader adoption may hinge on liquidity access, cost, and how well such workflows integrate into existing risk and compliance stacks — including monitoring, reconciliations, and reporting.
Still, the direction of travel is clear: infrastructure providers are racing to build “institutional-grade” rails that allow regulated firms to participate without adopting the higher-risk habits of crypto-native trading desks. In that framing, the Wyden–Taurus integration is another step toward shifting digital-asset trading away from exchange-pre-funding and toward workflow designs that keep custody, governance and execution tightly linked.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Read our Editorial Policy. Parts of this article were drafted/ researched with the assistance of AI tools and subsequently reviewed, edited, and verified by the author and our editorial team to ensure accuracy and journalistic integrity. The final version reflects human editorial judgment and fact-checking. Read our AI Policy.
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