Curv Receives Series A Funding Lead by Franklin Templeton

Franklin Templeton, a top investment firm, has become an investor in Curv, a self-described “trusted digital asset security infrastructure that is delivered as a fully scalable, enterprise-grade and compliant cloud service,” according to a press release from the group.

The investor is part of a Series A funding round joined by Coinbase, Digital Currency Group, Team8, and Digital Garage, among others.

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.”

Many of the investors use that service themselves, and the funding round will go toward improving and scaling the project even more.

Speaking on the matter is the Chief Risk and Transformation Officer at Templeton, Joe Boerio, who said:

“Curv’s cloud-based service and tech stack eliminates the concept of private keys through multi-party computation (MPC), allowing for blockchain transaction signing in a secure, distributed way to protect against cyber breaches and insider collusion. We are excited to participate in Curv’s journey as it sets a new standard for digital asset security and scales its business across major financial institutions across the globe.”