According to ChainCatcher, Paribu, a Turkish crypto asset technology company, announced the launch of Paribu Custody, a service that provides digital asset custody and management services to global institutional clients. The platform has accumulated 7 million users since its establishment in 2017.

Cem Sağlam, Paribu Institutional Sales and Business Development Manager, said that the company's self-developed ColdShield® technology integrates MPC, SGX and HSM technologies, and stores customer private keys in multiple independent environments to ensure that no individual or organization can obtain the complete private key.