Curv, a NYC-based digital asset security infrastructure, raised $23M in Series A funding.
Backers included CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund.
The funds will be used to continue Curv’s international growth, for new solutions inside tX, product innovations, and hiring talent.
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. 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.
Led by Itay Malinger, CEO, Curv provides keyless multi-party computation (MPC) technology and a tech stack to deliver customized digital asset security solutions required by crypto-native and traditional financial institutions to build cryptofinance products. Its 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 also R&D offices in Tel-Aviv, Israel.