WNAM REPORT: The statement on the Central Bank of Turkey’s (TCMB) website provided information regarding the application evaluation processes for the Call for Participation in the Digital Turkish Lira Project Ecosystem.
The statement announced that the evaluation processes for applications to the “Digital Turkish Lira Project” ecosystem have been completed.
The statement noted that banks and payment and electronic money institutions can apply to the Digital Turkish Lira Project ecosystem, which invites organizations from the finance and technology sectors to develop innovative products and scenarios compatible with the digital Turkish Lira, and that financial technology (FinTech) firms collaborating with the applicants are also included in the process.
The statement indicated that 85 project applications were received in the first phase of the three-stage application process, which was completed between September 4 and October 15, 2025, and that 16 banks and 25 payment and electronic money institutions also applied within the scope of the call for participation.
According to the statement, following evaluations by the Central Bank of Turkey (TCMB), 51 projects out of 85 applications that met the first-stage evaluation criteria were deemed eligible to proceed to the second stage. The statement also noted that the second-stage applications for the call were submitted between November 13 and December 12, 2025.
The statement announced that, following the evaluation of documents submitted and presentations made by applicants in the second phase, it was decided that 23 projects belonging to 12 banks and 6 payment and electronic money institutions would advance to the third phase.
The statement indicated that development activities and field tests would be carried out at this stage, and included the following information:
“As a result of the second phase evaluations, 6 projects have been put on hold and may be included in the third phase in the future. A project may be related to more than one category. The category distribution of the 23 projects that advanced to the third phase is as follows: 15 in Tokenization, 17 in Programmable Payments, 7 in User-Sovereign Identity, 15 in Interoperability with Existing Systems, and 1 in Machine-to-Machine Payments. The Central Bank of the Republic of Turkey continues its work in line with its goal of developing public and private sector cooperation in the context of financial technologies and the digital Turkish lira.”
