Turkish digital bank BankPozitif is set to introduce cryptocurrency custody services, marking a major step in the country’s growing embrace of digital assets.
In collaboration with Swiss crypto platform Taurus, the bank aims to provide institutional clients with secure storage solutions for leading cryptocurrencies.
Crypto Custody Rollout by Mid-2025
On March 4, BankPozitif announced its strategic partnership with Taurus, confirming that the service is expected to launch by June. Initially, the custody offering will support the top five cryptocurrencies by market capitalization, including Bitcoin (BTC), Ether (ETH), Tether (USDT), XRP, and Solana (SOL).
BankPozitif sees significant potential in Turkey’s digital asset market, citing a tech-savvy population, strong financial literacy, and increasing demand for regulated crypto services.
Regulatory Approval Secured
The bank has received a temporary crypto custody license from the Capital Markets Board of Turkey (CMB), a crucial regulatory milestone. Additionally, BankPozitif’s local crypto subsidiary, PozitifKripto, has been granted a service provider license, further reinforcing the institution’s commitment to regulatory compliance.
Chairman Erkan Kork highlighted the bank’s progress, stating, “We have completed the necessary temporary permit authorization from the Capital Markets Institution. Now, we move into the operational setup phase within the bank.”
Taurus Expands Presence in Turkey
BankPozitif is not the only Turkish financial institution working with Taurus. The Swiss-based platform has partnered with three other banks in Turkey, including Misyon Bank, which announced its entry into crypto services in early 2024.
Taurus co-founder Lamine Brahimi emphasized the company’s commitment to providing institutional-grade digital asset infrastructure, stating, “As demand for secure, compliant digital asset solutions grows, we’re dedicated to supporting Türkiye’s financial sector with our expertise.”
Turkey’s Strengthening Crypto Regulations
BankPozitif’s move comes as Turkey tightens its regulatory framework around cryptocurrencies. In late 2024, the government introduced stricter Anti-Money Laundering (AML) measures and enhanced client identification requirements to ensure greater transparency and compliance within the crypto industry.
With established banks like Garanti BBVA and Akbank also expanding their crypto-related offerings, Turkey is positioning itself as a key player in the regulated digital asset space. BankPozitif’s latest initiative reinforces this trend, providing institutional investors with secure and compliant access to cryptocurrency custody services.
