- Curv offers multi-party computation (MPC) security technology.
- Wall Street continues to eye off crypto as the regulatory environment becomes clearer.
- Institutional investors demand the level of security Curv offers.
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Curv, a crypto-security provider for institutional investors, has announced a $23 million Series A funding raise, with investments from CommerzVentures, Coinbase Ventures, Digital Currency Group, Team8, and Digital Garage Lab Fund.
Curv Set to Drive Institutional and Crypto-Native Demand
Curv will use these funds used to continue its international growth, product innovations, and hiring top talent.
The firm 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, as well as crypto-native institutions such as eToro and Genesis.
Institutional Interest in Crypto Remains Robust
According to a recent survey by Fidelity Digital Assets, nearly 80 percent of institutional investors in the U.S. and Europe see the appeal of digital assets, including more than a third who have already invested in the market.
More investors also have exposure to derivatives, according to the poll.
The percentage of U.S. investors with exposure to cryptocurrency futures increased from nine percent in 2019 to 22 percent in 2020. Curv CEO Itay Malinger said on the findings that:
“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…