Last year Turkish bank Garanti BBVA unveiled the launch of Garanti BBVA Digital Assets. It initially had a digital assets wallet running in beta mode, but this went live earlier this month. According to the bank, it is the first subsidiary of a Turkish bank to launch a self-developed cryptocurrency wallet. Earlier this year neobank Misyon partnered with Taurus for custody.
Garanti BBVA has 12 million digital and 11.6 million mobile customers, with digital customers making up the vast majority of the business. Clients can use the mobile app to ‘transfer and store’ Bitcoin, Ethereum and the USDC stablecoin.
“We will continue to grow by adding to our diversity of assets and our service infrastructure in the future,” said Çağrı Süze, BBVA Garanti EVP and Chairman of BBVA Digital Assets.
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