Crypto Custodian Taurus Partners with BankPozitif in Turkey
Cryptocurrency custody firm Taurus has expanded to Turkey, providing custody services to Istanbul-based BankPozitif. This marks the first implementation of institutional-grade digital asset infrastructure by a Turkish bank.
- Taurus will implement its flagship custody tool and the "EXPLORER" service for blockchain connectivity.
- Turkey's market is seen as favorable due to high adoption rates, increasing institutional interest, and supportive regulatory frameworks.
- Economic challenges in Turkey have led to increased cryptocurrency adoption as a hedge against inflation.