Turkish crypto platform Paribu has officially acquired key assets of London-based decentralized smart wallet startup Clave, strengthening its push into decentralized finance (DeFi), tokenization, and on-chain financial services.
With the integration of Clave’s team and technology, Paribu aims to expand both its retail and institutional product offerings while accelerating its strategy to bring decentralized finance products to mainstream users.
Bringing DeFi Closer to Millions of Users
The acquisition will support Paribu’s efforts to build a broader on-chain financial ecosystem. The company already offers products such as Paribu Self, a multi-party computation (MPC) powered decentralized wallet designed to provide users with secure self-custody solutions.
By integrating Clave, Paribu plans to accelerate its roadmap around decentralized finance, stablecoins, and tokenized assets—making blockchain-based financial services more accessible to millions of users.
About Clave
Founded in London by Baki Er, Rafi Ersözlü, and Ulaş Erdoğan, Clave is a self-custody smart wallet designed to simplify the use of decentralized finance.
The platform enables users to store crypto assets, make payments, and access DeFi services while maintaining full control of their funds. Clave addresses one of the biggest usability challenges of decentralized wallets—the seed phrase problem—by using Account Abstraction and passkey authentication, offering a more intuitive user experience.
In addition to secure asset storage, Clave allows users to generate passive income through Ethereum staking and USD-pegged stablecoins. Users can also make payments at more than 200 million Visa-enabled merchants across over 100 countries using the stablecoins stored in their wallets.
The company competes with leading Web3 wallets such as MetaMask, Phantom, and Trust Wallet.
Rapid Growth and Early Investment
In February 2024, Clave raised $1.6 million in a pre-seed funding round led by Matter Labs, the developer of Ethereum Layer-2 network zkSync. The round also included Safe Foundation, Lambda Class, Mirana Ventures, and angel investors such as Doruk İşmen (Agora Finance), Raj Parekh (former Visa executive), and Aayush Gupta (Ethereum Foundation).
Within less than a year, the startup reached more than $10 million in total value locked (TVL) and attracted over 20,000 users.
Strategic Fit for Paribu
Paribu Founder and CEO Yasin Oral said the acquisition will accelerate the company’s on-chain innovation strategy.
He noted that Clave quickly gained global recognition in the decentralized wallet market by solving key structural challenges that hinder user adoption.
“Integrating the Clave team and their expertise with Paribu’s scale will unlock more on-chain opportunities for end users,” Oral said. “This collaboration will directly contribute to Paribu’s roadmap for blockchain innovation.”
Clave co-founder and CEO Baki Er added that joining Paribu will significantly accelerate the startup’s growth.
“Paribu’s regional leadership, regulatory foundation, and financial strength will allow Clave to scale much faster,” he said. “Becoming part of the Paribu ecosystem marks a new phase in our mission to bring decentralized finance to mainstream users.”
Part of Paribu’s Global Expansion Strategy
The acquisition comes as Paribu accelerates its licensed international expansion strategy.
In December 2025, the company acquired CoinMENA, one of the largest local cryptocurrency exchanges in the MENA region, in a deal valued at up to $240 million—widely considered the largest fintech acquisition in Türkiye.
The deal also gave Paribu access to active crypto licenses in Bahrain and Dubai, strengthening its regional footprint.
With the addition of Clave, Paribu is now doubling down on expanding its on-chain financial services, enabling users to access decentralized finance applications, staking, global payments, and stablecoin services without leaving the Paribu ecosystem.
Source: Webrazzi.com
