Türkiye’s Paribu Launches Paribu Custody: A Game-Changer in Digital Asset Custody Services
In a groundbreaking move, Türkiye’s renowned digital asset custodian, Paribu, has unveiled its latest offering – Paribu Custody. This innovative service is set to revolutionize the way institutional clients worldwide manage and secure their digital assets. Here’s everything you need to know about this game-changing development:
A Brief Overview of Paribu Custody
- Established Reputation: With a history dating back to 2017, Paribu has built a reputation as a leading crypto asset technology company in Türkiye, serving over 7 million users.
- Global Reach: Paribu Custody is designed to cater to a diverse range of organizations, including banks, financial institutions, cryptocurrency exchanges, DeFi entities, and blockchain startups.
- Cutting-Edge Technology: The service leverages Paribu’s proprietary ColdShield® technology, which sets new standards in digital asset custody security.
The Unmatched Security of ColdShield® Technology
- Multi-Layered Security Architecture: Paribu’s ColdShield® technology integrates MPC, SGX, and HSM technologies to ensure absolute security for clients’ private keys.
- Elimination of Single Point of Failure: The unique design prevents private key fragments from being reassembled, significantly reducing risks of unauthorized access.
- Flexible Storage Options: Paribu Custody offers a range of storage options, including cold, hot, and warm storage, to meet diverse asset storage needs.
Enhanced Regulatory Compliance and Risk Reduction
- Streamlined Compliance Controls: Paribu Custody enables organizations to enhance AML and ATF compliance processes through a single interface.
- KYB Procedures: Comprehensive KYB procedures are conducted for all clients, ensuring adherence to legal standards and fostering a secure operational environment.
- Diversification Opportunities: Financial institutions and trading platforms can diversify their crypto asset offerings while reducing operational risks.
Future-Proofing Digital Asset Management
- Tokenized Asset Management: Paribu Custody is evolving to securely manage tokenized real-world assets, providing end-to-end corporate-level security.
- Continued Innovation: Paribu remains committed to setting new industry standards and building the world of tomorrow through its cutting-edge solutions.
About Paribu
- Industry Leader: Founded in 2017, Paribu is Türkiye’s leading cryptocurrency exchange platform, catering to over 7 million users.
- Ecosystem Support: Beyond its core services, Paribu actively supports various ecosystem projects through financial and technological investments.
- Community Engagement: Paribu is actively involved in promoting blockchain awareness and contributes to culture, arts, sports, and education initiatives.
In conclusion, Paribu’s launch of Paribu Custody marks a significant milestone in the world of digital asset custody services. With its advanced technology, unwavering commitment to security, and global reach, Paribu is poised to redefine the standards of digital asset management on a global scale.
For more information, visit Paribu’s official website.
Contact
Cem Saglam
Institutional Sales and Business Development Manager
Paribu
cem.saglam@paribu.com