Banks’ interest in the crypto money sector is great in Turkey as well as in the world. One of the latest examples of this is that Ak Yatırım, a subsidiary of Akbank, applied to official institutions to become the main shareholder of the crypto money exchange Stablex.
According to the news of Kerim Ülker from the World, Ak Investment has taken the official step to become a partner of Stablex. As it is known, the allegations that Akbank would buy Stablex emerged last year. It has been noted that the negotiations have continued since then and in case of official approvals, Ak Yatırım Menkul Değerler will take over the majority shares of Stablex Bilişim Teknoloji A.Ş.
Stablex was acquired by Orion Investment Menkul Değerler A.Ş. in May 2020. and Noor Capital Market Menkul Değerler A.Ş., Jihad Shannak, who is a senior manager. The headquarters of the company with a capital of 7.6 million TL is Istanbul.
It attracted attention with its Ripple integration
Akbank has been drawing attention with the steps it has taken regarding the crypto money ecosystem so far. The bank launched money transfers over the Ripple network in 2018, but this feature was removed from the mobile application after a while. The company was the first Turkish bank to allow direct deposits to cryptocurrency exchanges via its mobile application. It also collaborated with Avalanche for the restorative finance themed Akbank ReFi Hackethon held in August.
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