Turkish bank BankPozitif partners with Taurus for crypto services

BankPozitif, a leading digital bank in Turkey, has partnered with Swiss digital asset infrastructure provider Taurus to offer institutional-grade cryptocurrency custody services. 

The move positions BankPozitif at the forefront of Turkey’s expanding digital asset sector as the country experiences rising fintech adoption.

Through the partnership, BankPozitif will integrate Taurus-PROTECT™, a custody platform supporting cryptocurrencies, tokenized assets, and digital currencies, along with Taurus-EXPLORER™, a blockchain node and indexing service enabling connectivity to multiple blockchain networks.

“As we focus on innovative products and digital transformation, this partnership with Taurus is a significant step forward,” said Dr. Erkan Kork, Chairman of BankPozitif. “The Turkish banking sector has grown to 30 trillion liras, and we’re seeing increasing institutional demand for digital asset services.”

Taurus’ exploration into new markets

Taurus recently partnered with Chainlink Labs to enhance tokenized asset adoption by financial institutions. The integration included Chainlink’s Data Feeds for real-time asset data and Proof of Reserve for transparency. The collaboration aimed to address security, data accuracy, and cross-chain connectivity challenges.

Taurus, which already works with financial giants like Deutsche Bank and State Street, sees Turkey as a key market. 

“High adoption rates, increasing institutional interest, and constructive regulatory frameworks make Türkiye an exciting region for digital asset banking,” said Lamine Brahimi, Managing Partner at Taurus.

Turkey has seen a surge in cryptocurrency adoption, partly driven by economic challenges and inflation concerns. With regulatory frameworks evolving, the partnership between BankPozitif and Taurus signals a growing trend of traditional banks integrating digital asset services to meet market demand.