Misyon Bank ("Misyon"), Türkiye's investment bank for the new economy, has signed a partnership agreement with Taurus, the leading provider of custody and tokenization technology in Europe. As part of this important collaboration, Misyon will leverage Taurus' industry-leading technology to establish digital asset custody and tokenization services.
Pending regulatory authorisations, Misyon will use Taurus-PROTECT™ for the secure storage custody of digital assets such as cryptocurrencies, tokenized assets, and digital currencies. Additionally, the bank will employ Taurus-CAPITAL™ for issuing and servicing tokenized assets and Taurus-EXPLORER™ blockchain nodes and indexing infrastructure for connectivity to both public and permissioned blockchains.
Dr. Önder Halisdemir, CEO of Misyon Bank, commented that "Through our vision to make Türkiye the Switzerland of its region, we have taken a significant step forward. With this collaboration, Turkish assets will be made accessible to investors worldwide through tokenization. Domestic and regional assets will be safeguarded within Turkish boundaries, establishing Türkiye as a regional investment hub. We have structured our collaboration with Taurus through our wholly-owned subsidiary MisyonTech. In addition, Misyon Bank will offer high-value-added and inclusive local custody solutions for digital assets, designed with the contributions of Istanbul Technical University and KPMG. With the completion of the local regulatory framework for digital asset custody services, our efforts will make Türkiye a center of excellence and attraction in its region regarding custody services and tokenization."
Halisdemir emphasized the significant role of Switzerland in global custody ecosystem and added, "Through our on-site visits to Switzerland for Proof of Concept (PoC) sessions with various providers, Taurus stood out as a market leader through its innovative solutions and extensive global partnerships. With our collaboration with Taurus, we will be able to offer the long-awaited digital custody services to a diverse group of institutions, including banks, portfolio management companies, brokerage firms, fintechs, family offices, and central banks."
Lamine Brahimi, co-founder and managing partner at Taurus, added: "We are very pleased to collaborate with Misyon Bank, Türkiye's first Neo-investment bank, and look forward to supporting the bank in launching new digital asset services leveraging Taurus-PROTECT and Taurus-CAPITAL. We have been impressed by Misyon and MisyonTech team of experts - and we are confident that through this significant collaboration, Türkiye could establish a prominent position within the region in digital asset custody and tokenisation."
Momentum and appetite for digital assets in the region has been picking up pace in 2024. Turkey's Finance Minister Mehmet Simsek recently stated that the country's crypto asset regulations were entering the final stage, whilst President Erdogan appointed crypto professor Fatma Ozkul to the central bank's rate-setting committee at the end of 2023, implementing blockchain expertise at the highest level.
The signing ceremony was attended by Dr. Önder Halisdemir, CEO of Misyon Bank, Evren Cantürk, Executive Vice President of Misyon Bank, Muhammet Mustafa Cerit, CEO of MisyonTech, Yıldırım Ulusoy, Board Member of MisyonTech, Lamine Brahimi, Co-Founder and Managing Partner at Taurus, Victor Busson, Taurus' Chief Marketing Officer and Bashir Kazour, Managing Director at Taurus.
About Misyon Bank
Established with the vision of becoming the leading investment bank of the new economy, Misyon Bank defines itself as a bridge from banking to capital markets and a platform that connects Türkiye with its region. Misyon, started its operations in June 2023, determines its core service areas as Platform Banking, Service Banking and Custody Banking. Misyon Bank will introduce its core banking system named ‘tOrk', based on microservice architecture and cloud-based technologies to its institutional clients in 2024. In 2024, the bank has established its subsidiary MisyonTech, located at Dijitalpark Teknokent, to offer cutting-edge technological services to the stakeholders of banking and finance sector. For more information: https://www.misyon.com/
About Taurus
Founded in 2018, Taurus is a Switzerland-based financial technology company providing enterprise-grade digital asset infrastructure. It offers services for issuing, storing, and trading all types of digital assets, including cryptocurrencies, tokenized assets, NFTs, and digital currencies. Additionally, Taurus operates a marketplace for private assets and tokenized securities and is a securities firm regulated and supervised by FINMA. For more information, visit: https://www.taurushq.com/
SOURCE: Taurus
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