CommerzVentures, Coinbase Ventures and Digital Currency Group Among Investors in Curv’s Keyless Digital Asset Security Infrastructure
Curv, the world’s most trusted digital asset security infrastructure, announced it raised $23M in Series A funding with investment from CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund. The company also officially made public tX — an elite group of cryptographers and engineers who use Curv’s keyless technology to develop flexible deployment models for both crypto-native and traditional financial institutions. The funds will be used to continue Curv’s strong international growth, for new solutions inside tX, product innovations, and hiring of top talent.
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Curv is driving traditional institutional and crypto-native demand for digital assets through its multi-party computation (MPC) security technology, a critical requirement to safely transfer, store and manage any digital asset on any blockchain or DLT. Curv is used by dozens of customers across the globe, including global investment firm Franklin Templeton, which leverages Curv’s infrastructure to expand into the burgeoning digital asset market, and crypto-native institutions, such as eToro and Genesis.
A recent survey found that nearly 80% of institutional investors in the U.S. and Europe see the appeal of digital assets, including more than a third who have already invested in the market. More investors have also taken on exposure to derivatives, according to the poll. The percentage of U.S. investors with exposure to cryptocurrency futures increased from 9 percent in 2019 to 22 percent in 2020.
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“Despite a challenging economic climate, we’re seeing strong growth among traditional financial institutions, who require our enterprise-grade security infrastructure, robust governance engine and seamless integration with blockchain technology,” said Itay Malinger, CEO of Curv. “Unlike other legacy solutions, we simultaneously deliver the protection, instant liquidity and complete control required for all institutions to thrive in the digital asset economy.”
Curv’s keyless MPC technology and flexible tech stack enable the company to swiftly deliver customized digital asset security solutions required by crypto-native and traditional financial institutions to build world-class cryptofinance products. Curv’s highly scalable and adaptable platform can support hot, warm and cold wallet configurations as well as all tokens and protocols regardless of the underlying blockchain or DLT.
