Paribu, a developer of innovative blockchain-based products and services, has announced the acquisition of Clave, a decentralized smart crypto wallet. Based in London, Clave will contribute to the expansion of Paribu’s personal and corporate product portfolio, as well as to making decentralized finance (DeFi) solutions more accessible to users.
Paribu, which has been playing an active role in the development of the blockchain ecosystem in Turkey since 2017, plans to accelerate its product strategy in the areas of decentralized finance, stable crypto assets and tokenization with this move. The company is already working on products such as Paribu Self, a co-managed decentralized wallet solution using multi-party computation (MPC) technology.
User-friendly on-chain financial solutions
Founded in London by Baki Er, Rafi Ersözlü and Ulaş Erdoğan, Clave allows users to self-custody their crypto assets, make payments and benefit from decentralized financial services.
The platform provides a simpler user experience by eliminating the common “seed phrase” problem in decentralized wallets through Account Abstraction and passkey technology.
Clave users can earn passive income through stable crypto assets and staking. At the same time, it is possible to make payments with stable crypto assets stored in the wallet at over 200 million Visa partner merchants in over 100 countries.
$1.6 million initial investment
Clave raised $1.6 million in funding in a pre-seed investment round led by Matter Labs in February 2024. This round also included investors such as Safe Foundation, Lambda Class and Mirana Ventures. The project is developed in the ZKsync ecosystem.
Having reached over $10 million in total value locked (TVL) and over 20,000 users in less than a year, Clave has already begun to quickly become recognized in the decentralized wallet market, competing with products such as MetaMask, Phantom and Trust Wallet.
Paribu: “On-chain innovation will be strengthened”
Paribu founder and CEO Yasin Oral said that the Clave team will directly contribute to the company’s on-chain innovation strategy and create more blockchain-based financial opportunities for users.
Clave co-founder and CEO Baki Er noted that thanks to Paribu’s regional leadership, regulatory infrastructure and financial strength, Clave will be able to scale faster and reach millions of users.
Paribu continues regional expansion
Paribu has also been accelerating its international expansion strategy in recent years. In December 2025, the company acquired CoinMENA, one of the largest local crypto exchanges in the MENA region, in a deal worth up to $240 million. This deal allowed Paribu to obtain active licenses in Bahrain and Dubai, strengthening its position in the region.
With Clave joining the Paribu ecosystem, the company aims to further expand the range of on-chain financial services for both individual users and institutions.
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