Crypto Custodian Taurus Expands to Turkey via BankPozitif Partnership

Taurus, a leading crypto custodian, is entering the Turkish market through a collaboration with BankPozitif.

Turkey's ongoing economic challenges, including double-digit inflation, have driven increased crypto adoption as users seek alternatives to protect their wealth.

Key Points:

• Crypto custody firm Taurus has expanded into the Turkish market.
• Taurus serves major clients, including Deutsche Bank and State Street.
• Co-founder Lamine Brahmi sees Turkey as a promising market due to its high crypto adoption rates, growing institutional interest, and favorable regulatory environment.

Crypto custody firm Taurus, which serves clients like Deutsche Bank and State Street, has expanded into Turkey.

Taurus is now offering custody services to Istanbul-based BankPozitif, making it the first Turkish bank to adopt institutional-grade digital asset infrastructure, according to a Tuesday announcement.

In addition to integrating Taurus' flagship custody solution, BankPozitif will utilize its "EXPLORER" service, which offers blockchain node and indexing infrastructure, enabling connectivity to both public and permissioned blockchains.

Taurus sees Turkey as a promising market, with co-founder Lamine Brahmi highlighting the country's high crypto adoption rates, growing institutional interest, and supportive regulatory environment as key factors for digital asset banking expansion.

Turkey's economic challenges have fueled a surge in crypto adoption, as many residents turn to digital assets as a hedge against persistent double-digit inflation.