Parfin provides a robust Web3 infrastructure for institutions, enabling them to offer digital asset services such as crypto brokerage, custody, and tokenization. By leveraging their financial market expertise, Parfin facilitates secure and efficient access to the Web3 ecosystem, addressing the challenges institutions face in integrating digital assets into their operations.
Funding
$40.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PCFounders
Product
Problem
Institutions face significant hurdles when integrating digital assets into their operations, including security concerns, regulatory compliance, and the complexity of managing blockchain infrastructure. Existing solutions often lack the robustness and expertise required to meet institutional standards for crypto brokerage, custody, and tokenization.
Solution
Parfin provides a Web3 infrastructure platform tailored for institutions seeking to offer digital asset services. The platform delivers secure and efficient access to the Web3 ecosystem, enabling institutions to provide crypto brokerage, custody, and tokenization services to their clients. Parfin's Crypto as a Service (CaaS) offering provides quick and secure access with full operational control, backed by financial market experts, allowing institutions to focus on their core business without building infrastructure from scratch. The platform also supports tokenization of assets and stablecoin payments.
Target Audience
Parfin targets banks, financial institutions, crypto exchanges, and OTC desks looking to offer digital asset services to their clients.
Features
- Crypto as a Service (CaaS) for quick and secure access to digital assets
- Custody solutions for secure storage and management of digital assets
- Treasury management tools for efficient handling of digital asset holdings
- Rayls platform for tokenization of assets
- Support for stablecoin payments
- Modular platform adaptable to various institutional needs
- API portal for integration with existing systems