- Swiss digital asset custody firm Taurus expands into Turkish market through BankPozitif partnership
- Turkey‘s crypto market shows significant potential with 26 million users
- BankPozitif aims to meet growing institutional demand for digital asset services amid Turkish banking sector’s expansion
Swiss digital asset custody technology provider Taurus has expanded its presence in Turkey through a new partnership with BankPozitif, marking another strategic move in one of cryptocurrency’s most active markets.
The collaboration brings Taurus’s institutional-grade custody solutions to BankPozitif’s two million customers in Turkey, where cryptocurrency adoption has gained significant traction with 26 million users. The partnership comes at a crucial time when Turkish investors are increasingly exploring digital assets as an alternative store of value amid local currency fluctuations.
BankPozitif Chairman Dr. Erkan Kork emphasized the strategic importance of the partnership, stating: “As we focus on innovative products and expand our investments in digitalization, this partnership with Taurus represents a significant step in our digital transformation journey.”
The Turkish banking sector’s robust growth, reaching 30 trillion Turkish Liras, has created new opportunities for fintech innovation. Kork highlighted this potential, noting: “By implementing Taurus’ cutting-edge infrastructure, we’re positioning BankPozitif to meet growing institutional demand for digital asset services.”
Taurus, which counts major financial institutions like Deutsche Bank, CACEIS, Santander, and State Street among its clients, has previously established its presence in Turkey through a partnership with neobank startup Misyon. The Turkish cryptocurrency landscape has also seen increased participation from traditional banks, with BBVA Garanti launching its own wallet solution and retail crypto trading services in recent developments.
The expansion reflects the growing institutional interest in digital asset services within Turkey’s evolving financial ecosystem, as traditional banks increasingly embrace cryptocurrency-related offerings to meet customer demand.
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