Cryptocurrency wallet Taurus expands its presence in Turkey through partnership with BankPozitif
Turkey's economic woes in recent years have helped fuel a surge in cryptocurrency adoption as users began to see them as a lifeline amid double-digit inflation.
Updated March 4, 2025, 10:52 UTC Published March 4, 2025, 1:00 UTC
What you should know:
- Cryptocurrency storage company Taurus has increased its presence in Turkey.
- Taurus's clients already include Deutsche Bank and State Street.
- Co-founder Lamin Brahimi noted that Türkiye is an attractive market for Taurus due to “high adoption rates, growing institutional interest and a favorable regulatory environment.”
Cryptocurrency custody company Taurus, whose clients include Deutsche Bank and State Street, has expanded its presence in Turkey.
Taurus is now offering data custody services to Istanbul-based BankPozitif, marking the first time a Turkish bank has implemented institutional-grade digital asset infrastructure, according to a letter sent Tuesday.
In addition to the implementation of its core custody instrument, Taurus will also provide the bank with its “EXPLORER” service, which offers blockchain node and indexing infrastructure, allowing connection to public and permissioned blockchains.
Türkiye is a promising market for Taurus, according to Taurus co-founder Lamin Brahmi. He highlighted the country’s “high adoption rates, growing institutional interest, and constructive regulatory framework” as ideal conditions for servicing digital assets.
Turkey's economic woes in recent years have fueled the adoption of cryptocurrencies as users have come to see them as a lifeline amid double-digit inflation.
Read more: Custody firm Taurus partners with Temenos to provide crypto wallets to thousands of banks
