Turkey’s Misyon Bank Taps Taurus for Digital Asset Custody and Tokenization Services
Turkey’s Misyon Bank has announced its partnership with Swiss firm Taurus to leverage its digital asset custody and tokenization technology.
The neobank, established just a year ago, aims to position Turkey as a regional center of excellence for custody services and tokenization, according to a report from local media outlet BThaber .
Taurus is a renowned player in the digital asset space with clients like Credit Agricole, Credit Suisse, and Deutsche Bank (the latter two being investors).
The collaboration enables Misyon Bank to offer digital custody services to a diverse range of institutions, including banks, portfolio management companies, brokerage firms, fintechs, family offices, and central banks.
“We have taken an important step for our country and region with our vision that aims to make Turkey the Switzerland of its region,” Dr. Önder Halisdemir, CEO of Misyon Bank, said in a comment.
With the completion of Turkey’s local regulatory framework for digital asset custody services, Misyon Bank aims to make Turkey an attractive hub for custody services and tokenization within the region.
“On the way to the goal, we are structuring our technological infrastructure in cooperation with Switzerland-based Taurus and our subsidiary MvizyonTech.”
‘Türkiye’yi bölgesinin İsviçre’si haline getirme’ vizyonu ile kurguladığımız Saklama Bankacılığı ekosistemimizin dijital varlık saklama ve tokenizasyon teknoloji ve çözümlerini, İsviçre merkezli Taurus SA ve teknoloji iştirakimiz Misyon Tech ile yapılandırmaya başladık.
— Misyon Yatırım Bankası (@MisyonBank) March 26, 2024
Turkey has been making strides in crypto-asset legislation, with the Finance Minister recently stating that the regulations are in the final stages.
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