What Parfin does

Parfin (legally Parity Financial Ltd.) is a UK-incorporated digital asset infrastructure provider founded in 2019, with primary commercial operations concentrated in Latin America across hubs in London (HQ), Rio de Janeiro, and Buenos Aires. The company targets banks, fintechs, financial market infrastructures, crypto exchanges and OTC desks, and central banks with enterprise-grade software for digital asset custody, tokenization, stablecoin payments, treasury management, and DeFi connectivity. Its core technology stack comprises Rayls — a proprietary EVM-compatible Layer 1 blockchain using a hybrid architecture that links private permissioned chains with public permissionless chains, featuring the Axyl consensus system for subsecond block times and instant finality — and the Parfin Platform, a modular suite including CaaS Manager (with Smart Order Routing, virtual accounts, on/off-ramp), MPC custody (Parfin-native and Fireblocks via Wallet Manager), a customizable governance engine, an AML module integrating Elliptic and Chainalysis, treasury management across multiple custodians and OTC desks, automated reporting, and BPO services. Compliance posture is anchored by SOC 2 Type II certification, the ABCripto Compliance Seal, and VASP registration in Argentina.

Parfin operates an enterprise sales-led go-to-market targeting financial institutions in Latin America, with a quote-based pricing model, "Request a demo" / "Solicite uma demo" CTAs, and an API-first architecture that supports both B2B licensing and B2B2C white-label deployment. Revenue streams span platform/SaaS licensing (recurring subscriptions), API and usage-based fees, custody infrastructure (SaaS, hybrid, and self-custody models), and professional services/BPO engagements. The company monetizes through institutional contract relationships rather than self-serve channels, with named production or pilot deployments at Santander, Bradesco, B3 Digitas, XP Inc., Núclea, AmFi, Mastercard (Start Path Blockchain), the Brazilian Central Bank's Drex CBDC pilot (Phase 1 and Phase 2), and Taurus as a strategic technology partner. Total disclosed funding stands at approximately $38M+ across seed, Series A, and strategic rounds from Framework Ventures, ParaFi Capital, L4 Venture Builder, Núclea, Accenture Ventures (Project Spotlight), and Tether.

The headcount stands at 90+ across more than nine countries and 45 cities, with founder-led leadership spanning CEO Marcos Viriato (ex-BTG Pactual senior banker), CPTO Alex Buelau (crypto OG since 2013), and CSO Cristian Bohn, supported by CCO Bruno Cavalin (20+ years selling financial software), CDO CH Lopes (20+ years in banking), COO Guilherme Sattamini, and CLO James Farha. The Rayls Public Chain Mainnet launched on April 30, 2026, with a public commitment to migrate $400M in monthly stablecoin cross-border FX payments onto the network by year-end, and the company has positioned itself as the institutional USDT settlement layer for Latin America through its Tether strategic partnership.

Name

Parfin

Legal name

Parity Financial Ltd.

Website

https://parfin.io

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Parfin is a UK-domiciled digital asset infrastructure provider serving banks, fintechs, FMIs, crypto exchanges, and central banks in Latin America via its modular Parfin Platform (CaaS, MPC custody, governance, treasury) and the Rayls EVM Layer 1 blockchain for compliant custody, tokenization, and stablecoin payments.

Ownership category

akta.pro rank

Product category

Institutional Digital Asset Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB)

akta.pro secondary industries

Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending) (FSAGAMAG), MPC / HSM / Key Management Infrastructure (FSADACAC), Cross-Chain Bridges & Interoperability Protocols (FSADAMAG)

Keywords

• Digital asset infrastructure
• Institutional crypto custody
• Stablecoin payment solutions
• Blockchain for banks
• Tokenization platform

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D

Revenue model

1. Platform/SaaS Licensing: Parfin licenses its digital asset platform (CaaS, Custody, Governance, Treasury, Reporting modules) to financial institutions. This is a recurring subscription model where clients pay for access to the platform's infrastructure. Not publicly disclosed in terms of specific pricing tiers.
2. API / Technology Fees: Revenue from API-first services enabling clients to integrate digital asset solutions. Includes fees for Smart Order Routing, on/off ramp connectivity, and connectivity via API for wallet management and data reporting.
3. Professional Services / BPO: Business Process Outsourcing (BPO) services offering specialized client support, rapid market entry, dedicated account management, and complete regulatory reporting for clients implementing digital asset solutions.
4. Custody Infrastructure: Revenue from institutional-grade MPC custody infrastructure. Parfin offers SaaS (Parfin-hosted MPC nodes), Hybrid (client-hosted node with mobile approval), and Self Custody models for different client needs.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels6 records

Core offering

Parfin develops and licenses a unified enterprise software platform — the Parfin Platform — that enables banks, fintechs, FMIs, crypto exchanges, and OTC desks to custody, transact, tokenize, and govern digital assets with built-in compliance, supported by Rayls, an EVM-compatible Layer 1 blockchain. The platform bundles CaaS Manager (Crypto-as-a-Service), MPC custody, customizable governance, treasury management, AML/compliance, BPO services, a Data Reporting Center, and a unified Wallet Manager spanning Parfin Custody and Fireblocks. Parfin licenses this infrastructure to financial institutions via subscription, API access, and white-label deployments, with a strategic focus on Latin America.

Differentiator

Problem solved

Functional benefit

Brands

• Rayls: EVM Layer 1 blockchain connecting institutions to blockchain liquidity with built-in privacy and compliance. A hybrid blockchain platform combining private permissioned chains with public permissionless chains for institutional financial use cases.

Products and services

• Parfin Platform A unified digital assets platform built for banks, fintechs, and FMIs that combines custody, brokerage, tokenization, treasury management, governance, and compliance into a single integrated environment for managing digital assets.
• Rayls An EVM Layer 1 blockchain designed for institutional financial use cases, combining private permissioned chains with public permissionless chains, featuring the Axyl consensus mechanism with sub-second block times, instant finality, and stablecoin gas fees.
• CaaS Manager Crypto-as-a-Service module that lets financial institutions integrate digital asset solutions with full compliance and governance, including Smart Order Routing (SOR), Virtual Accounts, RFQ, on/off-ramp, and connectivity to 20+ liquidity providers for B2B and B2B2C models.
• MPC Custody Multi-Party Computation (MPC) based digital asset custody infrastructure with six security layers supporting hot, warm, and cold wallets across multiple blockchain networks, deployable as SaaS, Hybrid, or Self-Custody.
• Governance Transaction governance and approval workflow system that lets institutions define multi-level approval flows, access controls, address whitelisting, and rule-based transaction policies by origin, destination, asset, user role, or value.
• Treasury Management Treasury management solution providing a consolidated view of digital asset positions across multiple custodians, exchanges, and OTC desks, with FX operations and configurable governance policies.
• Reports (Data Reporting Center) Automated reporting solution that consolidates operational data from multiple counterparties into standardized exportable formats via API, eliminating manual compilation and supporting compliance and audit.
• BPO (Business Process Outsourcing) Specialized client support service for digital asset platform implementation and operation, including dedicated account management, regulatory reporting, and market expertise for compliant deployment.
• Security Multi-layered cybersecurity framework with SOC 2 Type II certification, LGPD/GDPR alignment, 24/7 monitoring, penetration testing, mandatory 2FA, and HSM-based key storage at FIPS 140-2 Level 2 or higher.

Quantifiable outcome

• Rayls identified as the 'most advanced' privacy solution among three tested in the Brazilian central bank's Drex Phase 1 CBDC pilot, per official BC statement at TokenNation (June 2025)
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability2 records

Feature8 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Mastercard Crypto Partner ProgramcoreStrategic or Co-development Partner · 1 May 2026Rayls received validated support from Mastercard's Start Path Blockchain program and was included in the broader Mastercard Crypto Partner Program — a global initiative connecting over 100 crypto-native companies, payments providers, and financial institutions to facilitate digital asset integration with established card rails and global commerce flows.
• XP Inc.coreStrategic or Co-development Partner · 1 May 2026XP Inc. is a production deployment partner on the Rayls Public Chain Mainnet, representing one of Brazil's largest financial institutions deploying on Parfin's blockchain. This indicates a strategic relationship where XP Inc. uses Rayls for institutional on-chain financial use cases.
• AmFi (Associação dos Membros de FYI)coreStrategic or Co-development Partner · 1 May 2026AmFi is a production deployment partner on the Rayls Public Chain Mainnet launch (April 2026), alongside XP Inc. and Núclea, representing an institutional user of the Rayls blockchain network.
• TauruscoreTechnology or Integration · 27 May 2025Taurus and Parfin announced a partnership to accelerate institutional cryptocurrency adoption. Taurus provides digital asset infrastructure (custody and tokenization), and the partnership combines Taurus's capabilities with Parfin's platform and Rayls blockchain to serve financial institutions in Latin America and globally.
• FireblockscoreTechnology or IntegrationFireblocks is integrated into the Parfin Platform via the Wallet Manager module. The integration allows Parfin's clients to view and operate Fireblocks Vaults, Wallets, balances, and transfers through the Parfin Platform. Fireblocks provides the underlying MPC custody infrastructure for institutional clients connected to Parfin.
• EllipticcoreTechnology or IntegrationElliptic is Parfin's AML (Anti-Money Laundering) screening provider, used for risk assessment of inbound deposits and outbound transfers. The Elliptic integration classifies destination addresses as risky or not risky, with automatic wallet blocking for high-risk transactions.
• ChainalysiscoreTechnology or IntegrationChainalysis is Parfin's alternative AML screening provider alongside Elliptic, offering blockchain analytics for compliance and transaction monitoring. The Platform supports both Elliptic and Chainalysis as configurable AML provider options.
• SumsubcoreTechnology or IntegrationSumsub is Parfin's KYC/KYB (Know Your Customer / Know Your Business) and due diligence provider for client onboarding, used as part of the rigorous onboarding policy to prevent money laundering and terrorist financing.
• ABCriptominorOthersParfin is an associate member of ABCripto, Brazil's leading crypto economy association. Membership supports the company's commitment to self-regulation, market best practices, and building a more secure and transparent digital asset ecosystem.
• B3 DigitascoreStrategic or Co-development PartnerB3 Digitas is one of the first major Brazilian entities to use Parfin's digital asset solutions. B3 is Brazil's main financial market infrastructure operator, making this a strategically important partnership for Parfin's institutional credibility.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Fireblocks: Fireblocks is an institutional digital asset custody and operations platform whose MPC wallet infrastructure is directly integrated with Parfin via the Wallet Manager module. It serves the same bank and exchange customer segments with custody, transfer, and policy controls, making it both a competitor and a partner depending on deployment choice.
• Taurus SA: Taurus is a Swiss-based digital asset infrastructure provider for banks and FMIs, offering custody, tokenization, and trading infrastructure. It is a direct competitor to Parfin's full-stack institutional platform and has an explicit partnership with Parfin to jointly serve Latin American financial institutions, indicating near-identical product scope and customer profile.
• Anchorage Digital: Anchorage Digital is a federally chartered U.S. crypto bank offering institutional custody, staking, and trading infrastructure. It targets the same regulated institutional client base as Parfin with an emphasis on bank-grade compliance and SOC attestations, representing the most direct U.S. analog to Parfin's positioning.
• BitGo: BitGo is one of the largest institutional digital asset custodians, offering qualified custody, MPC wallet infrastructure, and staking services. It directly competes with Parfin's MPC Custody module and Wallet Manager for the same enterprise and exchange customer segments globally.
• Paxos: Paxos provides regulated digital asset infrastructure including custody, tokenization, and stablecoin issuance (with PayPal's PYUSD). It overlaps with Parfin's CaaS, custody, and tokenization modules and serves similar bank and enterprise clients in regulated environments.
• R3 Corda: R3's Corda is a permissioned distributed ledger technology designed for financial institutions, used by banks and FMIs for tokenization, CBDC pilots, and interbank settlement. It competes with Rayls as an enterprise-grade permissioned blockchain with comparable regulatory-friendly positioning.

Emerging players

• Fnality International: Fnality is a consortium-backed enterprise building wholesale central bank money settlement tokens on distributed ledger technology, backed by major global banks. It overlaps with Rayls' cross-border institutional settlement thesis and competes for the same CBDC-adjacent bank procurement budgets.
• Securitize: Securitize is a tokenization platform for real-world assets and securities, providing issuance, transfer, and compliance infrastructure. It competes with Parfin's tokenization and digital asset management modules for institutional clients pursuing regulated asset tokenization.
• Provenance Blockchain: Provenance Blockchain is a permissioned chain purpose-built for financial institutions, focused on private market and asset-backed tokenization. It directly competes with Rayls as an institutional-grade blockchain with bank and asset-manager customers.

Others

• Chainalysis: Chainalysis is a blockchain analytics and AML compliance provider integrated into Parfin's AML module. Rather than competing directly, it is an enabling technology provider whose services Parfin resells/configures for institutional compliance workflows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/parfin
• Xx.com/parfin_io

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds6 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parfin