Paribu Launches Global Digital Asset Custody for Institutions

Paribu Introduces Digital Custody for Institutions

Istanbul, Turkey, November 22nd, 2024, Chainwire

Türkiye’s digital asset custodian Paribu to offer crypto custody services to institutional clients worldwide

Paribu, a top technology company for crypto assets in Türkiye, has been serving 7 million users since 2017. Now, with its new service called Paribu Custody, the company offers secure digital asset storage and management to institutional clients around the world. This service meets international security standards.

Paribu Custody uses independent wallets and a safe, end-to-end system. It helps many types of organizations that need to store and manage their own digital assets. These include banks, financial institutions, crypto exchanges, decentralized finance (DeFi) groups, and blockchain startups.

Unique custody infrastructure

Since it started in 2017, Paribu has offered fast, easy, and secure crypto trading to its 7 million users. In Türkiye, Paribu runs both a crypto trading platform and a licensed custody company. With Paribu Custody, the company now provides digital asset storage services to institutional clients all over the world.

Cem Sağlam, Institutional Sales and Business Development Manager at Paribu, said, “Our service was built by Paribu’s skilled engineers and software team. It sets the standard for digital asset custody security in Türkiye, making Paribu unmatched in this field. Our own ColdShield® technology puts Paribu Custody ahead of global competitors.”

Absolute security with multi-layered security architecture

Paribu’s ColdShield® technology uses MPC (Multi-Party Computation), SGX (Software Guard Extensions), and HSM (Hardware Security Module). It splits customers’ private keys into several pieces and safely shares them among different parties. These key pieces are stored in a completely isolated space. That means no single person or organization can ever get the whole private key.

ColdShield® has a multi-layered security setup. It keeps private key pieces from being put back together, even when they are being moved. This design lets each party create partial signatures on their own. It removes the risk of a single point of failure (SPoF) and gives clients the strongest possible security for their assets.

Cem Sağlam explains that Paribu Custody even goes beyond global standards. It lets clients split wallets into main wallets and proxy wallets. It also offers different storage options, including cold, hot, and warm storage, to meet various needs.

All platform tasks can be automated using APIs. There is also a staking service that lets organizations stake their crypto assets without needing technical setup. Every step can be managed through the Paribu Custody mobile app, giving users full control from start to finish.

Enables full regulatory compliance and reduces operational risk

Paribu Custody helps organizations run Anti-Money Laundering and Anti-Terrorist Financing checks through one simple screen. This supports strong compliance with regulations. The company also does thorough KYB (Know Your Business) checks for all clients. This ensures that legal standards are met and creates a safe operating environment.

Banks and financial institutions can grow their crypto services by using Paribu Custody’s secure digital asset management. Crypto trading platforms get safe, compliant storage for client funds. DeFi organizations can improve asset security and lower smart contract risks. Blockchain startups can reduce operational risks and stay compliant by storing investor assets safely.

Paribu Custody is built to store digital assets securely for today’s needs. Looking ahead, it is being developed to safely manage tokenized real-world assets (RWA), such as real estate, official documents, event tickets, and artwork—all with end-to-end corporate-level security.

Cem Sağlam concluded, “Paribu created Türkiye’s first independent blockchain project and now sets the security standard for crypto asset custody. We will keep building the world of tomorrow.”

More information is available at paribu custody.

About Paribu

Founded in 2017, Paribu is a pioneering technology company in Türkiye and the country’s leading cryptocurrency exchange platform. With its 24/7 Customer Experience Business Unit, Paribu provides fast, easy, and secure crypto services to more than 7 million users. As the creator of Türkiye’s first independent blockchain project, Paribu also supports different projects in the ecosystem through financial and technology investments. In addition to raising awareness about blockchain, Paribu helps shape the future through work in culture, arts, sports, and education. Paribu shares reliable industry insights and publishes content on its platform, Paribu Log.

Contact

Institutional Sales and Business Development Manager

Cem Saglam

Paribu

cem.saglam@paribu.com