Turkey's Central Bank Announces Results of Digital Lira Ecosystem Applications
23 projects from banks and payment institutions advance to the third stage of the Digital Turkish Lira Project.
Talivio News · Global1 min read
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Talivio News (AI illüstrasyon)
The Central Bank of the Republic of Turkey (TCMB) announced that the application evaluation processes for the "Digital Turkish Lira Project" ecosystem participation call have been completed. The application process consists of three stages.
The first stage was completed between September 4 and October 15, 2025, with 85 project applications submitted. Among these, 16 banks and 25 payment and electronic money institutions applied. Following the first stage, TCMB approved 51 projects to proceed to the second stage.
85 applications
Project applications submitted in the first stage of the Digital Turkish Lira Project.
The second stage applications were conducted between November 13 and December 12, 2025. After evaluations, 23 projects belonging to 12 banks and 6 payment and electronic money institutions were selected to proceed to the third stage.
The third stage will involve development activities and sandbox tests. TCMB also noted that a project can be associated with more than one category, which explains the category distribution of the 23 projects: 15 in Tokenization, 17 in Programmable Payments, 7 in Self-Sovereign Identity, 15 in Interoperability with Existing Systems, and 1 in Machine-to-Machine Payments.
Additionally, TCMB put 6 projects on hold following the second stage evaluations. These projects may be included in the third stage in the future.
Updates
The names of the companies selected for the Digital Turkish Lira projects have not been disclosed. For the first time, projects developed by banks and payment institutions will undergo testing within the private sector as part of the project. In the upcoming third stage, various use-case scenarios of the digital currency will be tested in sandbox environments.
For the first time, projects developed by banks and payment institutions will be tested in the private sector as part of the Digital Turkish Lira Project. While the third stage involves testing various use-case scenarios within sandbox environments, the names of the companies involved in the selected projects have not been disclosed.
For the first time, projects developed by banks and payment institutions will be tested in the private sector, with selected companies' names remaining undisclosed. The Digital Turkish Lira, which will be issued directly by the TCMB and fixed at a 1:1 value with physical banknotes, is designed to support programmable and offline payments through sandbox testing. Officials stated that necessary regulations will follow these tests to enable wider dissemination of the system.
For the first time, projects developed by banks and payment institutions will undergo testing within the private sector as part of the Digital Turkish Lira Project. While the selected companies' names have not been disclosed, officials noted that necessary regulations will be implemented to expand the system to wider audiences following these tests.
For the first time, projects developed by banks and payment institutions will be tested in the private sector as part of this project. While the names of the selected companies have not been disclosed, officials stated that necessary regulations will be made to disseminate the system to wider audiences following these tests.
