Curv, a U.S.-based digital asset security infrastructure provider, announced on Wednesday it secured $23M in Series A funding with investment from CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8, and Digital Garage Lab Fund. Founded in 2018, Curv states mitigates the blockchain’s irreversible single point of failure by eliminating the concept of private keys and providing an enterprise-grade policy engine.
“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.”
Curv also shared that it is used by dozens of customers across the globe, which includes 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 eToro and Genesis. While sharing more details about the investment round, Itay Malinger, CEO of Curv, stated:
“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.”
The Series A funds will be used to continue Curv’s international growth, for new solutions inside tX, product innovations, and hiring of top talent.