Yapı Kredi Receives Approval for Crypto Asset Custody Services

Yapı ve Kredi Bankası A.Ş. has applied to the Capital Markets Board of Turkey (SPK) to offer crypto asset custody services. The SPK has positively evaluated the bank's request and decided to grant an operating license. This development stands out as one of the bank's strategic steps in the digital asset space. With the SPK's approval, Yapı Kredi will be able to provide services for the secure custody of crypto assets. The bank will operate in compliance with regulations in this area and offer institutional-level custody solutions to its customers. This move reflects the growing interest of Turkey's banking sector in crypto assets. Yapı Kredi's receipt of an operating license as a crypto asset custody institution is part of the bank's goal to expand its digital financial services. This license will add a new dimension to the bank's existing service portfolio and enable it to offer alternative investment instruments to its customers. This is not investment advice.