Turkish bank Misyon partners with Taurus to enter the world of Bitcoin.

March 27 Update: Misyon Bank, one of Turkey’s first neobanks and an investment banking firm, has partnered with Swiss cryptocurrency custody provider Taurus to enter the digital asset custody and tokenization space. Through its subsidiary MisyonTech, Misyon Bank will integrate Taurus’ technology to offer crypto custody services for Bitcoin (BTC), Ether (ETH), and Avalanche (AVA) initially. The bank plans to expand its coverage to include other cryptocurrencies in subsequent phases. In addition to custody services, Misyon Bank will also provide tokenization services for real-world assets. Taurus, known for its custody solutions for major European banks like Banco Santander and Credit Suisse, will provide Misyon Bank with its custody platform Taurus Protect, tokenization tool Taurus Capital, and blockchain node infrastructure Taurus Explorer. The partnership aims to position Turkey as the “Switzerland of its region” by making Turkish assets accessible to global investors through tokenization. Misyon Bank CEO Önder Halisdemir highlighted the contributions of Istanbul Technical University and KPMG in developing local solutions for digital assets. The collaboration between Misyon Bank and Taurus is expected to drive institutional activity in the Turkish crypto market, which ranked fourth globally in terms of transaction volumes in 2023.