Turkish Banking Giant Garanti BBVA Kripto Teams Up with Wyden in Crypto Power Move

Garanti BBVA Kripto just made a play that could shake up Turkey's crypto landscape—partnering with blockchain security firm Wyden.

Why it matters: Turkey's been a hotbed for crypto adoption, and this collab signals institutional players are doubling down despite the lira's tragicomic inflation performance.

The partnership: No details leaked yet, but Wyden's track record suggests beefed-up custody solutions or fraud prevention—something BBVA's clients will need when the next 'stablecoin' collapses.

Bottom line: Traditional finance keeps dipping its toes in crypto waters. This time, they're wearing armored boots.

State-of-the-art digital asset infrastructure for an optimal customer experience

The platform incorporates different liquidity sources, ensuring both optimal price discovery and best execution to meet new regulatory requirements. Wyden acts as the central trading infrastructure allowing Garanti BBVA Kripto to optimize profitability, manage liquidity, hedge risk and exposure, whilst providing its retail and corporate customers with a superb client trading experience.

In addition to enabling best execution, the Wyden platform also supports Garanti BBVA Kripto’s comprehensive risk management needs by delivering dynamic hedging mechanisms to manage both limits and exposures.

“As we build out our efficient, scalable, and compliant crypto trading offering for our retail and corporate clients, Wyden’s advanced technology gives us the flexibility and confidence to operate and scale in this emerging segment – while always staying closely aligned with our regulatory and risk management priorities. As Garanti BBVA Kripto we are going to constantly build towards the needs of crypto users and the industry.” - Onur Güven, CEO at Garanti BBVA Kripto

Wyden CEO Andy Flury also expressed his delight about the collaboration. According to him, the partnership brings Wyden together with one of the most trusted financial institutions in the region and underscores their shared commitment to secure, compliant, and scalable digital asset services.