Parfin
Parfin is a technology company that provides a modular platform for digital asset management, including custody, tokenization, trading, and portfolio management, tailored for institutions and asset managers.
Services
Parfin offers a comprehensive range of services aimed at secure digital asset management. These include a modular platform for digital asset custody, tokenization, trading, and management. They provide a Crypto as a Service platform designed for treasury and portfolio management for asset managers and trading desks. Parfin Terminal, their integrated digital asset management tool, consolidates these services onto a single platform. The company also offers transaction monitoring with native KYT integration through Elliptic and adheres to GDPR (LGPD) and FATF guidelines to ensure compliance.
Products
Parfin offers several key products, including their core Crypto as a Service platform, which features transaction fees starting at 25 basis points with a minimum commitment. The Parfin Terminal is another major product, serving as a comprehensive digital asset management tool. Their MPC Custody service boasts advanced security features like SOC 2 Type II certification by EY and employs top-tier technology such as MPC, HSM (FIPS 140-2 Level 3), and Secure Enclave Computing (Intel SGX and AWS Nitro). The company also offers a robust and scalable infrastructure for digital assets, along with 24/7 cybersecurity monitoring (SOC) and a world-class monitoring framework (NOC).
Funding
Parfin has successfully raised $22 million in funding to date. This capital infusion has helped the company scale its operations and enhance its platform's capabilities. Key advancements include employing an API-first infrastructure based on micro-services and utilizing a cloud-native platform that spans AWS, Azure, and Google Cloud. The raised funds have facilitated the development of their advanced security features, robust infrastructure, and compliance with regulatory standards.
Trading Volume
Over the last 12 months, Parfin has reported a substantial trading volume of $300 million. This figure underscores the effectiveness and popularity of their modular platform and comprehensive digital asset management tools. The significant trading volume also highlights the industry trust in Parfin's secure digital asset custody and trading solutions, driven by their advanced technology and compliance with international guidelines.
Technology Platform
Parfin utilizes a cloud-native platform that operates across leading cloud services like AWS, Azure, and Google Cloud. The company's infrastructure is API-first, based on micro-services, ensuring flexibility and scalability. Their advanced technology includes Multi-Party Computation (MPC), Hardware Security Modules (HSM) with FIPS 140-2 Level 3 certification, and Secure Enclave Computing technologies such as Intel SGX and AWS Nitro. These technological components, coupled with SOC 2 Type II certification by EY and 24/7 cybersecurity monitoring, ensure robust and secure digital asset management.