- Taurus has partnered with BankPozitif to extend virtual belongings custody adoption throughout Turkey’s fintech ecosystm.
- The Swiss-based platform has lately introduced its products and services on Solana and Hedera.
Crypto custody supplier Taurus has introduced a big partnership with Turkish virtual financial institution BankPozitif.
Swiss-based Taurus famous in a weblog publish on March 4 that the strategic partnership with BankPozitif will see the 2 paintings in combination to extend virtual asset integration and adoption around the banking ecosystem in Turkey.
Institutional-grade custody answers
The collaboration will see Taurus carry its Taurus-PROTECT and Taurus-EXPLORER answers to BankPozitif’s shoppers. Give protection to is an answer that gives an institutional-grade custody provider for crypto, tokenized belongings and virtual currencies. In the meantime, Explorer is a blockchain node and indexing infrastructure provider that permits customers to leverage each public and permissioned blockchains.
Dr. Erkan Kork, chairman of BankPozitif, commented:
“As we focal point on cutting edge merchandise and extend our investments in digitalization, this partnership with Taurus represents an important step in our virtual transformation adventure. The Turkish banking sector has reached a dimension of 30 trillion Turkish Liras, and we’re seeing remarkable alternatives in fintech innovation.”
Lamine Brahimi, managing spouse at Taurus, added:
“The combo of top adoption charges, expanding institutional passion, and positive regulatory frameworks creates just right prerequisites for innovation in virtual asset banking. This partnership with BankPozitif demonstrates our dedication to supporting Türkiye’s bold objectives within the virtual asset house whilst offering the protection and compliance features that establishments require.”
Taurus’ partnership with BankPozitif makes this the crypto custody supplier’s newest traction in Turkey. In 2024, Taurus introduced a partnership with neobank startup Misyon.
Enlargement lately noticed Taurus carry its strategy to Solana. It has additionally partnered with the Hashgraph Affiliation to carry custody, staking and asset tokenization to Hedera (HBAR).
Deutsche Financial institution sponsored Taurus additionally has tokenization presence in Switzerland and Germany.