Chiliz, the world’s leading blockchain provider for the sports and entertainment industry, announced a landmark strategic partnership with Paribu, one of Turkey’s most reputable and leading crypto exchanges. This collaboration marks a new chapter for the Chiliz ecosystem in Turkey, one of its most important and dynamic markets, where “Fan Token” is a registered trademark of Chiliz Group.
The partnership will see the Paribu Net blockchain merge with the Chiliz Chain, a move that will significantly expand the Chiliz ecosystem by integrating over 250,000 wallets. As part of this integration, all efforts will be made for Paribu’s tokens on the Ethereum blockchain, including Besiktas (BJK) and Fenerbahce (FB), to be seamlessly migrated to the Chiliz Chain, unifying the Turkish Fan Token community within the global Chiliz ecosystem.
Beyond the technical integration, this partnership provides market access necessary for sustainable growth, allowing Chiliz to pursue an expansion in the Turkish Fan Token market. The combined resources and expertise will enable the pursuit of new partnerships with Turkish sports teams, leveraging Paribu’s established relationships alongside Chiliz’s blockchain infrastructure built for sports.
To facilitate the merger, existing Paribu Net Tokens (PRB) will be converted into Chiliz (CHZ) for Paribu Token holders. The process will be managed via the upcoming ‘Pepper 8’ network fork, where newly minted CHZ will be distributed to PRB token holders. Following the completion of this process, the Paribu Net blockchain will be discontinued.
A strategic tokenomics model governs this integration. While the swap requires a one-time CHZ supply increase, a deflationary cycle beginning in Year 3 is designed to offset this. The total supply will normalize to its original schedule by Year 8, ensuring a neutral long-term economic impact whilst maintaining the token’s original supply trajectory.
“Turkey is at the heart of the global SportFi movement, and partnering with a trusted industry leader like Paribu marks the beginning of a bold new chapter for us,” said Alexandre Dreyfus, CEO of Chiliz. “This blockchain fusion is about providing a clear, secure roadmap for fans and unlocking the immense growth potential of the Turkish market.”
“As one of Turkey’s most trusted and widely used crypto platforms, Paribu has always prioritized innovation and accessibility for our users,” said Yasin Oral, CEO of Paribu. ” Partnering with Chiliz is a natural step forward – uniting our Fan Token community with the global SportFi leader to create a stronger, more integrated ecosystem for Turkish sports fans and the broader crypto space.”
Paribu has been a foundational supporter of the Chiliz ecosystem for years, serving as a validator on the Chiliz Chain and becoming one of the first exchanges to list the CHZ token and Fan Tokens.