Paribu announces digital asset custody service for institutional clients worldwide
Paribu,
Türkiye’s
pioneering
technology
company
in
the
crypto
asset
sector,
has
announced
its
new
service,
Paribu
Custody,
providing
digital
asset
custody
and
management
for
institutional
clients
globally.
With
independent
wallets
and
a
secure,
end-to-end
infrastructure,
Paribu
Custody
will
serve
a
wide
range
of
organisations—including
banks,
financial
institutions,
cryptocurrency
exchanges,
decentralised
finance
entities,
and
blockchain-focused
startups—seeking
to
securely
store
and
self-manage
their
digital
assets.
Unique
custody
infrastructure
Founded
in
2017,
Paribu
provides
fast,
easy,
and
secure
cryptocurrency
trading
services
to
its
7
million
users
and
operates
a
registered
custody
company
in
Türkiye
alongside
its
crypto
asset
trading
platform.
With
Paribu
Custody,
it
now
offers
digital
asset
custody
services
to
institutional
clients
worldwide.
Cem
Sağlam, Institutional
Sales
and
Business
Development
Manager
at
Paribu,
commented,
“Developed
by
Paribu’s
skilled
engineers
and
software
team,
our
service
sets
the
standard
for
digital
asset
custody
security
in
Türkiye,
making
Paribu
unmatched
in
the
field.
Our
proprietary
ColdShield®
technology
positions
Paribu
Custody
ahead
of
global
competitors.”
Absolute
security
with
multi-layered
security
architecture
Paribu’s
ColdShield®
technology,
integrating
MPC
(Multi-Party
Computation),
SGX
(Software
Guard
Extensions),
and
HSM
(Hardware
Security
Module)
technologies,
divides
customers’
private
keys
into
multiple
fragments
and
securely
distributes
them
to
separate
parties.
These
distributed
key
parts
are
stored
in
a
fully
isolated
environment,
ensuring
that
no
individual
or
organisation
can
access
the
complete
private
key.
With
a
multi-layered
security
architecture,
ColdShield®
technology
prevents
private
key
fragments
from
being
reassembled,
even
during
transfer.
This
design
enables
each
party
to
generate
partial
signatures
independently,
eliminating
single
point
of
failure
(SPoF)
risks
and
providing
clients
with
the
highest
level
of
asset
security.
Cem
Sağlam
highlights
that
Paribu
Custody,
advancing
even
global
standards,
offers
the
ability
to
separate
wallets
into
primary
and
proxy
wallets,
meeting
diverse
asset
storage
needs
with
options
for
cold,
hot,
and
warm
storage.
All
platform
processes
are
automatable
via
APIs.
Additionally,
the
staking
service
enables
organisations
to
conduct
staking
operations
for
crypto
assets
seamlessly,
without
requiring
technical
integration.
Every
process
can
be
managed
through
the
Paribu
Custody
mobile
application,
providing
full
control
over
each
step—from
transaction
initiation
to
final
signature
approval.
Enables
full
regulatory
compliance
and
reduces
operational
risk
Paribu
Custody
enables
organisations
to
streamline
Anti-Money
Laundering
and
Anti-Terrorist
Financing
compliance
controls
through
a
single
interface,
supporting
robust
regulatory
compliance
processes.
Comprehensive
KYB
(Know
Your
Business)
procedures
are
conducted
for
all
clients,
ensuring
adherence
to
legal
standards
and
fostering
a
secure
operational
environment.
Banks
and
financial
institutions
can
diversify
their
crypto
asset
offerings
by
leveraging
Paribu
Custody’s
secure
digital
asset
management
solutions.
Cryptocurrency
trading
platforms
benefit
from
secure,
compliant
storage
for
client
funds,
while
DeFi
organisations
can
enhance
asset
security
and
reduce
smart
contract
risks.
Blockchain
startups,
meanwhile,
can
mitigate
operational
risks
and
ensure
regulatory
compliance
through
the
secure
storage
of
investor
assets.
Paribu
Custody
is
designed
to
securely
store
digital
assets
for
today’s
needs.
Looking
to
the
future,
it
is
being
developed
to
securely
manage
tokenised
real-world
assets
(RWA)
such
as
real
estate,
negotiable
instruments,
official
documents,
event
tickets,
and
works
of
art,
providing
end-to-end
corporate-level
security.
Cem
Sağlam
concluded:
“Paribu,
the
developer
of
Türkiye’s
first
independent
blockchain
project
and
the
current
setter
of
security
standards
in
crypto
asset
custody,
will
continue
to
build
the
world
of
tomorrow.”
More
information
is
available
at www.paribu.com/custody.
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