U.S.-Israeli digital asset security firm Curv, recently announced that it has raised $23mn in Series A funding round. The funding round saw participation from CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund.
Along with the funding, 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 company says that the new investment will be used to fund the company’s international growth, for new solutions, product innovations, and hiring of new employees.
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.
“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.
He further added,”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.”
“Few areas within fintech are as exciting as digital assets. Tokens and coins are increasingly finding their way into asset managers’ books. Curv is unlocking this market with their industry-leading technology and we are happy and excited to partner with Itay, Dan and their impressive team,” said Stefan Tirtey, Managing Partner at CommerzVentures.
Founded in 2018 by Dan Yadlin and Itay Malinger, Curv is headquartered in New York with research and development offices in Tel-Aviv.
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