Castler, a leading escrow services provider in India, has launched CastlerCode, the country’s first cloud-native source code escrow solution. It offers businesses a secure, scalable, and efficient way to protect their software intellectual property and ensure business continuity using advanced cloud technology.

The solution, developed in partnership with AWS, adheres to the highest security, reliability, and compliance standards and eliminates the need for physical storage or manual processes.

Founder and CEO Vineet Singh highlighted that CastlerCode combines cloud convenience with robust security and aims to transform source code escrow practices in India.

With the global source code escrow market projected to grow at a CAGR of 20% to $30 billion by 2030, demand in India is rising following RBI regulations mandating software escrow for regulated entities and non-bank PSOs.

CastlerCode already serves banks and NBFCs, offering a cost-effective, scalable solution to help businesses focus on growth while safeguarding critical applications.