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Curv raises $23 mn in Series A & launches tX for Digital Assets adoption

Itay Malinger, CEO of Curv

Curv, a cloud-based Institutional Digital Asset Wallet Service provider has announced that the company has raised $23 million in Series A funding with investment from CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund.

The company has also officially made public tX, an elite group of cryptographers and engineers who use The firm’s keyless technology to develop flexible deployment models for both crypto native and traditional financial institutions.

Curv is planning to use the funding to continue its strong international growth, for new solutions inside tX, product innovations, and hiring of top talent. The company 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 digital asset on any blockchain or DLT.

“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. 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,” said Itay Malinger, CEO of Curv.

Curv has customers across the globe, including global investment firm Franklin Templeton, which leverages the company’s infrastructure to expand into the burgeoning digital asset market, and crypto-native institutions, such as Genesis and eToro.

Curv’s keyless MPC technology and flexible tech stack enable the company to swiftly deliver customised digital asset security solutions required by traditional financial and crypto-native institutions to build cryptofinance products. The company’s scalable and adaptable platform supports hot, warm and cold wallet configurations along with tokens and protocols regardless of the underlying blockchain or DLT.

“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.

Recently, Financial Solutions Lab received $10 mn funding & support from Prudential Financial.

Founded in 2018, Curv mitigates the blockchain’s irreversible single point of failure by eliminating the concept of private keys and providing an enterprise-grade policy engine. The firm enables easy addition of assets to any portfolio, without having to use any hardware or manage blockchain infrastructures.

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