A U.S.-based digital asset startup, Curv announced the raising of US$ 23 million in Series A financing from investments by CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund. The funds will be used to support the company’s international growth, to develop new solutions and products and to hire new talents.
The company took advantage of the announcement to officially publicize tX, an elite group of encryptors and engineers dedicated to developing and deploying models in traditional and native crypto financial institutions.
Curv offers multi-party computing (MPC) solutions, a critical requirement used to transfer, store and manage digital assets on any blockchain or DLT. Curv is currently used by dozens of global clients, including investment firm Franklin Templeton, one of the world’s largest asset managers.
“Despite a challenging economic environment, noticing strong growth among traditional financial institutions that require our enterprise-grade security infrastructure, robust governance mechanism and seamless integration with blockchain technology,” assessed Itay Malinger, Curv CEO, in a statement. “Unlike other solutions, we simultaneously provide protection, instant liquidity, and complete control needed for institutions to thrive in the digital asset economy”, he said.
Curv enables customized security solutions
According to the company, Curv’s technology enables the provision of customized digital asset security solutions suitable for traditional and native crypto financial institutions. “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”, the company said in a statement.
“Few fintech areas are as exciting as digital assets”, said Stefan Tirtey, managing partner of CommerzVentures, one of Curv’s new investors. “We are happy and excited to partner with Itay, Dan and their team”, he said.