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Turkey's leading banks expand cooperation with Ripple, institutional-level BTC/ETH custody reaches a new high
【Crypto World】Turkey’s second-largest private bank’s digital asset division recently announced an extension and upgrade of its custody partnership with Ripple. The bank will continue to rely on Ripple’s institutional-grade custody technology based on IBM LinuxONE to provide custody services for assets such as Bitcoin, Ethereum, and Ripple.
This cooperation did not happen suddenly — the relationship has lasted nearly a decade, but this time it has expanded. The initial collaboration was a pilot for 14,000 users, which has now evolved into a scaled solution covering a broader range of institutional users. To put it simply: traditional financial institutions are investing more resources and trust to deepen integration with Web3 infrastructure.
From a market perspective, this sends a signal — mainstream financial institutions’ demand for digital asset custody is steadily increasing, and infrastructure solutions like Ripple are becoming standard configurations for institutional applications.