Turkish Digital Bank With its introduction of custody services for digital assets, BankPozitif is boldly entering the bitcoin market. In line with Turkey’s growing demand for crypto services in its financial sector, the bank has teamed with Swiss fintech company Taurus to enable safe storage options for institutional clients.
Originally supporting the main five cryptocurrencies—Bitcoin, Ether, Tether, XRP, and Solana—the service, slated to go operational by mid-year, first supports A BankPozitif spokesman underlined that banks would be best suited to enter the crypto market given Turkey’s young and tech-savvy population as well as rising interest in digital finance.
BankPozitif has got a temporary license from Turkey’s Capital Markets Board (CMB) to run legally. Further confirming the bank’s place in the market is PozitifKripto, its cryptocurrency subsidiary, which has obtained a service provider license.
Already working with several other Turkish banks, Taurus brings institutional-grade blockchain technology to the joint venture. The company’s products will enable BankPozitif to provide not just safe custody but also blockchain indexing services, therefore enabling smooth connectivity to several blockchain networks.
More conventional banks are embracing digital assets to satisfy changing consumer needs as Turkey polishes its crypto rules. BankPozitif wants to dominate in institutional crypto services by implementing cutting-edge blockchain technology, therefore opening the path for more developments in Turkey’s financial scene.
