Curv, a cryptography company with the goal of securing the digital economy, today unveiled its cloud-based digital asset wallet service that will offer financial institutions and enterprises strong security, instant availability, and total autonomy over all their digital assets.
Curv’s institutional blockchain asset wallet features:
- Eliminates the concept of private keys by using proprietary multi-party computation (MPC) protocols, so each and every transaction is signed in a fast, secure, distributed way to protect against cyber breaches, physical damage, and insider collusion.
- Replaces the need for both cold and hot wallets with a scalable, software-only, cloud-based service that ensures digital assets are always available and secure.
- Offers a flexible, enterprise-grade policy engine that allows institutions to define risk profiles and enforce granular controls for all employees, machines, and wallets, assuring compliance with organizational policies across all digital assets.
The Curv service also includes the setup, management, and maintenance of the blockchain infrastructure. This allows customers to adopt any cryptocurrency or blockchain app they want, without having to worry about investing or scaling the underlying IT infrastructure.
Curv is led by co-founder and CEO Itay Malinger, co-founder and CTO Dan Yadlin, and cryptography forerunners, Jonathan Katz and Ben Riva. The institutional digital asset wallet service is a subscription service that will be available starting March 25th, 2019. It is currently being used in a private beta with exchanges, custodians, fintechs and institutional investors located around the globe.
The company also announced $6.5 million in seed funding. The round was led by Team8, and a leading investor in digital asset companies, Digital Currency Group, with participation from Flybridge Capital, Jump Capital, Monex Group and Liberty City Ventures.