Cryptocurrency -Detachment Company Taurus, which counts them as Deutsche Bank and State Street among its clients, has expanded its footprint to Turkey.
Taurus is now providing custody services to Istanbul-based Bankpozitif, which marks the first time when a Turkish bank has implemented institutional Grade Digital Active Infrastructure, according to an e-mail message on Tuesday.
In addition to implementing Taurus’ flagship detention tool, the bank will also use its “Explorer” service that provides blockchain hub and infrastructure indexing to connect to public and allowed blockchains.
Turkey represents an exciting market for Taurus, according to co -founder Lamine Brahmi, citing the country’s “high adoption rates, rising institutional interest rates and constructive legislative frameworks” as ideal conditions for digital asset bank.
Economic problems in Turkey have bent crypto uptake in recent years, as users have approached cryptocurrency as a lifeline of double -digit inflation.
Read more: Management company Taurus is collaborating with Temenos, which brings crypto -draw books to thousands of banks
