Paribu, Turkey’s leading crypto asset platform, has filed with the Competition Authority to acquire certain assets of London-based Clave Technologies Limited, initiating an acquisition process that will be clarified after the regulator’s review.
The application was submitted to the Rekabet Kurumu and the transfer is expected to become clear following the authority’s examination; which Clave assets are included remains confidential. The move aligns with Paribu’s activity in digital asset custody via its Paribu Custody service launched in 2024, and signals an intent to strengthen its custody and institutional service capabilities.
Clave, which operates from London, is a self-custodial crypto application that lets users invest, earn yield and spend while retaining full control of their assets. The mobile, on-chain finance app provides a unified balance and cross-chain transaction routing so users do not need to manage multiple wallets or consider underlying networks. Clave previously raised 1.6 million dollars in pre-seed funding in 2024 and was among the eight startups graduating from the QNBEYOND accelerator program.
The parties have not disclosed which assets are included in the transfer or any financial terms. The Competition Authority’s review is ongoing and a final decision on the transaction is expected to be announced in due course.
