Crypto Custodian Taurus Expands Footprint to Turkey Through BankPozitif Collaboration

March 4, 2025

in Breaking, News

Reading Time: 9 mins read

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Turkey’s economic woes have buoyed crypto adoption in recent years as users have turned to cryptocurrency as a lifeline against double-digit inflation

By Jamie Crawley|Edited by Parikshit Mishra

Updated Mar 4, 2025, 10:52 a.m. UTCPublished Mar 4, 2025, 1:00 p.m. UTC

What to know:

Cryptocurrency custody firm Taurus, has expanded its footprint to Turkey.
Taurus already counts the likes of Deutsche Bank and State Street among its clients.
Turkey represents an exciting market for Taurus, according to co-founder Lamine Brahmi, citing the country’s “high adoption rates, increasing institutional interest, and constructive regulatory frameworks.”

Cryptocurrency custody firm Taurus, which counts the likes of Deutsche Bank and State Street among its clients, has expanded its footprint to Turkey.

Taurus is now providing custody services to Istanbul-based BankPozitif, marking the first such time a Turkish bank has implemented institutional-grade digital asset infrastructure, according to an emailed announcement on Tuesday.

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As well as implementing Taurus’ flagship custody tool, the bank will also use its “EXPLORER” service, which provides blockchain node and indexing infrastructure, allowing it to connect to public and permissioned blockchains.

Turkey represents an exciting market for Taurus, according to co-founder Lamine Brahmi, who cited the country’s “high adoption rates, increasing institutional interest, and constructive regulatory frameworks,” as ideal conditions for digital asset banking.

Economic problems in Turkey has buoyed crypto adoption in recent years as users have turned to cryptocurrency as a lifeline against double-digit inflation.

Jamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.