- Taurus has partnered with BankPozitif to expand digital assets custody adoption across Turkey’s fintech ecosystm.
- The Swiss-based platform has recently launched its services on Solana and Hedera.
Crypto custody provider Taurus has announced a major partnership with Turkish digital bank BankPozitif.
Swiss-based Taurus noted in a blog post on March 4 that the strategic partnership with BankPozitif will see the two work together to expand digital asset integration and adoption across the banking ecosystem in Turkey.
Institutional-grade custody solutions
The collaboration will see Taurus bring its Taurus-PROTECT and Taurus-EXPLORER solutions to BankPozitif’s clients. Protect is a solution that offers an institutional-grade custody service for crypto, tokenized assets and digital currencies. Meanwhile, Explorer is a blockchain node and indexing infrastructure service that allows users to leverage both public and permissioned blockchains.
Dr. Erkan Kork, chairman of BankPozitif, commented:
“As we focus on innovative products and expand our investments in digitalization, this partnership with Taurus represents a significant step in our digital transformation journey. The Turkish banking sector has reached a size of 30 trillion Turkish Liras, and we’re seeing unprecedented opportunities in fintech innovation.”
Lamine Brahimi, managing partner at Taurus, added:
“The combination of high adoption rates, increasing institutional interest, and constructive regulatory frameworks creates good conditions for innovation in digital asset banking. This partnership with BankPozitif demonstrates our commitment to supporting Türkiye’s ambitious goals in the digital asset space while providing the security and compliance capabilities that institutions require.”
Taurus’ partnership with BankPozitif makes this the crypto custody provider’s latest traction in Turkey. In 2024, Taurus announced a partnership with neobank startup Misyon.
Expansion recently saw Taurus bring its solution to Solana. It has also partnered with the Hashgraph Association to bring custody, staking and asset tokenization to Hedera (HBAR).
Deutsche Bank backed Taurus also has tokenization presence in Switzerland and Germany.