Bankpozitif, a digital bank in Türkiye, is conducting adventure in the digital asset nursery market as part of a modern partnership with a Swiss encryption platform.
According to March 5 advertisementThe $ 7 billion digital bank joined Tauurus to provide encryption nursery services to institutional customers.
TAURUS was founded in 2018, Fintech provides digital infrastructure for assets for banks and financial institutions.
It provides safe solutions, symbols, trading and imagination of encrypted currencies, distinctive assets and digital securities.
What does the partnership offer?
Starting in June, Bankpozitif will offer her nursery service, and initially provides support for a handful of cryptocurrencies, including Bitcoin, Eter, Tether Usdt, XRP and Solana. The exact date of launch was not available at the time of the press.
Commenting on the development, Dr. Erkan Cork, Chairman of the Bankpozitif Board of Directors, is reflected on “unprecedented opportunities in the Intech” in Turkey, adding that the partnership will allow the bank “to meet the increasing institutional demand for digital asset services.”
“A combination of high adoption rates, increased institutional interest, and constructive organizational frameworks create good conditions for innovation in banking services for digital assets,” added Lamine Braimi, the administrative partner in Tauurus.
It will contain the latest offers on two main solutions from Tauurus, Taurus-Erenect and Tauus-EXPLorer.
Tauurus-PROTECT will deal with a secure storage of cryptocurrencies and distinctive assets, giving the BankPozitif flexibility with hot, warm and cold storage options.
At the same time, TAURUS-Explorer will connect the bank to the general and private Blockchains, which facilitates the management of transactions and access to Blockchain data smoothly.
The Chairman of the Bankpozitif Board of Directors had previously confirmed that the bank had obtained an encryption custody license from the Capital Markets Council in Turkey (CMB), while the local Pozitifkripto company obtained a service provider license.
Bankpozitif joins other Turkish banks that explore encryption services, including GARANTI BBVA, AKBANK and Misyon Bank.
Tauus, in the meantime, works with at least three other Turkish banks, according to the company’s officials.
Climate in support of rental in Türkiye
The latest Bankpozitif offers comes amid a large number of positive developments with Türkiye.
In 2024, the country ended with new regulations for the sector by imposing strict measures to combat money laundering and customer identification policies for transactions that exceed 15,000 TL.
The implementation of a tax on encryption profits was also delayed. With the presence of the regulations in place, the encryption scene in Türkiye was beating actively since the beginning of the year.
On January 14, a partnership with Oracle Network Chainlink decentralized BTGURU Digital Digital Company for BTGURU to merge the interconnection protocol, data extracts, and proof technology with the digital asset solutions for the platform.
The partnership aims to facilitate the entry of traditional institutions into the distinguished symbol market.
Later this month, Mission, a new Turkish company, held a partnership with Crypto Exchange, a subsidiary company.
Under this collaboration, MISYON Bank will use Whitebit TR’s liquidity to support major encrypted currency trading, including Bitcoin (BTC), ETHEREM (ETH), USDC, USDT and Avalanche (Avax).
Beyond the Turkish digital bank to provide BTC, ETH and USDT costumes first appeared on Invezz
