A crypto registry, sukuk maturities and a fund draft expose market infrastructure
MKK's crypto-registry authorisation, participation banks' short-maturity sukuk issuance and the capital-markets board's fund-draft statement highlight permission, funding and information channels.
Economics & Markets··Morning
Crypto assets were connected to a central registry
A Central Bank of the Republic of Türkiye decision that took effect on 1 August identified who may operate the central registry for crypto assets. Published in the Official Gazette, it authorised Merkezi Kayıt Kuruluşu, or MKK, to run the Crypto Asset Central Registry System. The activity was added to MKK's existing authorisation as a securities-settlement-system operator, under Law No. 6493 and the relevant regulation's Article 17. Rather than creating a new institution, the decision therefore brought the central registration of crypto assets within the remit of an operator already embedded in capital-market infrastructure. The Anadolu Agency report contains no separate official comment on the measure; the concrete change announced is the formal permission to operate the system. That distinction matters. The decision reports no outcome for crypto prices, trading volume or investor behaviour. It defines the institutional location of the registry that will hold identity and rights information behind the market.[1]
A 140-day maturity sits beside the sukuk volume
Participation banks' sukuk data show that maturity matters alongside size on the funding side of the same infrastructure. According to figures compiled from the Participation Banks Association of Türkiye, banks issued 119.5 billion lira of sukuk in the first half of 2026. Cumulative issuance since 2013 reached 861.5 billion lira, while the amount currently outstanding was 68.3 billion lira. Average maturity was 139.97 days, so half-year issuance and the stock present in the market at one time do not measure the same thing. By institution, Ziraat Katılım's historical total of 197.8 billion lira was followed by Albaraka Türk at 167.3 billion lira, Türkiye Emlak Katılım at 152 billion lira and Vakıf Katılım at 144.7 billion lira. Association secretary general İsmail Vural linked first-half issuance to financial flexibility and a commitment to sustainable growth. The reported figures put two different scales before investors: issuance accumulated over years and the current funding stock that must turn over because maturities are short.[2]
The fund guide is waiting for the official information channel
The Capital Markets Board's statement on its draft investment-funds guide addressed a third part of market infrastructure: when information becomes final and through which channel. The board said reports and social-media posts claiming that the draft had been completed and given an effective date did not reflect the facts. Work was continuing, with neither a completion nor an implementation date set. It said the preparation was taking views from Borsa İstanbul, the Turkish Capital Markets Association, public institutions, private-sector representatives and domestic and foreign investors, and that a transition period could be allowed if needed for compliance. Final information would be announced through the board's own channels simultaneously and transparently to all investors. The three reports do not announce the same outcome. One formally authorises a registry operator; one shows the scale of completed short-maturity funding; the third sets the boundary around unfinished rulemaking. Together they show a market operating through institutional machinery made of authorised operators, maturity structures and simultaneous official information, not through prices alone.[1], [2], [3]
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