Taurus, Stellar tapped for tokenized clean energy financing pilot in Spain
Nasdaq-listed Turbo Energy S.A. (ticker TURB) is launching an initiative to tokenize financing for hybrid renewable energy installations in partnership with institutional blockchain firm Taurus S.A. and the Stellar Development Foundation — beginning with a pilot project in Spain.According to an announcement on Tuesday, the pilot will tokenize debt financing for on-site battery-integrated Power Purchase Agreements to deploy Turbo Energy’s proprietary SUNBOX solar energy storage systems.Meanwhile, Taurus’ institutional-grade tokenization platform, Taurus-CAPITAL, will handle the issuance and management of these tokenized assets on the Stellar blockchain."This approach demonstrates a decentralized, scalable model with plans to expand across international markets under Turbo Energy Solutions and its new [Energy-as-a-Service] model, a dedicated subsidiary that facilitates the financing of solar and battery projects to commercial and industrial customers," the announcement reads."The future of climate finance needs to be as efficient as the clean energy it funds," Stellar Foundation CEO Denelle Dixon said in a statement.Founded in 2018, Taurus is a Switzerland-based financial technology company that provides products for issuing, storing, and trading digital assets. The company raised a $65 million Series B round led by Credit Suisse in 2023.Taurus provides digital asset infrastructure to banks such as State Street, Deutsche Bank, and Santander, and recently expanded to the U.S. to support greater integration between worldwide capital markets.TURB shares are down 1.6% to $2.45, according to Yahoo Finance.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.