Misyon Bank, a pioneering neobank in Turkey, is expanding its services into digital asset custody and tokenization through a partnership with Swiss cryptocurrency custody provider Taurus. The collaboration, facilitated by Misyon’s subsidiary MisyonTech, will see the implementation of various Taurus-developed solutions, including the custody platform Taurus Protect, the tokenization tool Taurus Capital, and the blockchain node infrastructure Taurus Explorer. Taurus is known for its custody services, having provided them to major European banks like Banco Santander and Credit Suisse. The partnership with Taurus is a significant step for Misyon Bank in its goal to position Turkey as the “Switzerland of its region.” Through tokenization, Turkish assets will be made accessible to investors worldwide. Misyon Bank CEO Önder Halisdemir stated that local solutions for digital assets will be developed in collaboration with Istanbul Technical University and KPMG. While it is unclear whether the collaboration will involve adding cryptocurrencies like Bitcoin directly to the Misyon platform, the partnership is expected to drive institutional activity in the region. Turkey has emerged as a major crypto economy, ranking fourth in terms of crypto transaction volumes in 2023.
Taurus enables Turkish Misyon Bank's entry into the world of digital assets.