Clave Joins Paribu to Accelerate the Adoption of Onchain Finance to Millions

WHY THIS MATTERS
Paribu’s move to bring Clave into its ecosystem highlights the growing convergence between centralized crypto platforms and decentralized finance. While exchanges remain the primary entry point for most crypto users, self-custody wallets and onchain financial services are becoming increasingly important as users look for greater control over their assets. By integrating Clave’s technology, Paribu aims to reduce one of the biggest barriers to self-custody adoption—complex wallet security processes like seed phrases—making decentralized finance more accessible to mainstream users.

The acquisition also reflects a broader strategic shift across the crypto industry toward combining regulated infrastructure with onchain capabilities. With Paribu already expanding internationally through its acquisition of CoinMENA and operating institutional-grade custody services, adding Clave strengthens its ability to support both retail and institutional users exploring DeFi, staking, stablecoins and tokenized assets within a more user-friendly environment.

Paribu, Türkiye’s leading digital asset platform, announced that self-custodial personal finance app Clave has joined the company. The move accelerates Paribu’s strategy in decentralized finance, stable crypto assets, and tokenization. 

Paribu is best known for its exchange serving a broad user base in Türkiye. It provides institutional-grade digital asset custody through Paribu Custody, and builds Paribu Self, a self-custodial, multi-partner wallet that brings multi-party computation (MPC) to end users. Bringing Clave’s talent and technology into the Paribu ecosystem will make it easier for millions more users to access onchain financial services.

Founded in London by Baki Er, Rafi Ersözlü, and Ulaş Erdoğan, Clave solves one of the biggest usability hurdles in non-custodial wallets: seed phrases. Using Account Abstraction and passkeys, it reduces friction for users moving from exchanges to self-custody and onchain finance, from DeFi and dApps to staking and global stablecoin payments. Users can stake stablecoins and ETH and spend stablecoin balances across 100+ countries at 200M+ Visa merchants.

In February 2024, Clave raised USD 1.6 million in a pre-seed round led by Matter Labs (zkSync), with participation from Safe Foundation, Lambda Class, Mirana Ventures, Doruk İşmen (Agora Finance), Raj Parekh (ex-Visa) ve Aayush Gupta (Ethereum Foundation), and angel investors. In under a year, Clave has surpassed $10 million in total value locked (TVL) and reached more than 20,000 users in the decentralized wallet market.

Clave will continue operating under Paribu within Paribu’s product and engineering team, helping advance Paribu’s B2C and B2B product roadmap across self-custody and onchain finance.

Yasin Oral, Founder and CEO of Paribu, said:

“Clave has quickly built strong momentum in the decentralized wallet space. We’ve been following the team’s work since the early days, and we’re excited to welcome their talent and technology into the Paribu ecosystem. By combining Clave’s domain know-how with Paribu’s scale, experience, and security-first approach, we will make it easier for users to access DeFi without leaving the Paribu ecosystem.”

Baki Er, Co-Founder and CEO of Clave, said:

“Joining Paribu enables us to scale faster with the backing of a strong regional leader. Being part of the Paribu ecosystem advances our mission to make self-custody mainstream and helps millions of Paribu users access onchain finance more easily. We’re excited to build the next phase with Paribu.”

From regulated expansion to onchain products

In December 2025, Paribu acquired CoinMENA, strengthening its footprint in the MENA region and gaining access to two active licenses in Bahrain and Dubai. Paribu also operates Paribu Custody, an institutional-grade digital asset custody technology provider powered by its multi-layered ColdShield® security architecture. Building on this regulatory and security foundation, Clave joins Paribu as a strategic step to expand Paribu’s onchain roadmap. The goal is to make MPC-backed self-custody and onchain financial services easier and more approachable for a broader audience.

FF NEWS TAKE
Crypto platforms are increasingly blending centralized exchange services with decentralized finance capabilities to create more complete financial ecosystems.

By integrating Clave’s wallet technology, Paribu is positioning itself to move beyond traditional exchange services and offer a gateway to onchain finance. Simplifying self-custody and DeFi access could be a key step in bringing decentralized financial services to a broader audience while maintaining the scale and security users expect from established platforms.