Curv, a platform to secure and sign transactions on blockchain technology, announced today that Franklin Templeton, a leading global asset manager, has selected Curv’s institutional wallet service to protect digital assets for the firm’s new money market fund, whose shares will be recorded on the Stellar Network.
With Curv’s patented multi-party computation (MPC) protocols, Franklin Templeton eliminates the need for private keys, a single point of failure in blockchain, and simultaneously secures the way investors sign and manage transactions in a powerful, flexible, and scalable manner.
“Trust underpins everything we do as an asset manager on behalf of our clients. We expect blockchain to play a big part of business going forward and we need partners that enable and build trust to grow investor adoption of digital assets. Curv understood our demanding security requirements and our plans requiring large scale. In comparison to traditional tech stacks evaluated, Curv’s cryptography changes what is possible in digital asset custody, delivering to our clients instant availability and total autonomy over their investments.”
– Roger Bayston, Executive Vice President for Franklin Templeton
Back in May, Curv obtained digital asset insurance protection of up to $50 million for its customers from Munich RE. The Curv platform delivers a simple, distributed way to secure and sign transactions on blockchain technology and is being adopted by exchanges, custodians, lenders, OTC desks, and asset managers Moreover, Curv recently became the first and only MPC digital asset wallet solution to obtain SOC 2 Type II status.
“Franklin Templeton is the first traditional asset manager to tokenize shares on a public blockchain, making this a landmark for the entire industry. We are excited to be working alongside other innovators and first movers in the digital asset space, including the Stellar Network.”
– Itay Malinger, CEO and Co-founder of Curv