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Curve Integrates Crypto Garage Amid Hong Kong Office Opening

Curve Integrates Crypto Garage Amid Hong Kong Office Opening
Curve Integrates Crypto Garage Amid Hong Kong Office Opening

Curv, a digital currency wallet, has announced that it has partnered up with Crypto Garage, a Japan-based blockchain developer. These two will develop a non-custodial settlement platform, going by the name of SETTLENET. The platform will have its privacy and security measures managed by Curv itself. Furthermore, Curv announced that it would open a new office in Hong Kong to open its services up to the Asia-Pacific (APAC) region.

Choosing Curv For Its Unique Services

SETTLENET will have its platform built within the Liquid network and will serve as an over-the-counter (OTC) non-custodial platform focusing on facilitating delivery-vs-payment of digital assets. Through this, it will ensure the transfer of one digital currency only if the transfer of another digital currency is occurring as well. The platform is seeking to introduce an efficient work model with the absence of a centralized clearinghouse.

Crypto Garage chose Curv due to its chain agnostic support. Through this, the platform is capable of supporting any type of asset or protocol. In particular, Crypto Garage will rely on the Blackbox solution of Curv. This ensures the wanted levels of security and privacy within SETTLENET. The Blockbox solution monitors the signing process, as well as the key management infrastructure of the platform. This, in turn, ensures that each transaction is signed in a distributed fashion. The official launch date for the SETTLENET has been set to December of this year.

Mandatory Public Statements

Yoshihide Shimada is the CTO of Crypto Garage. He gave a statement in regard to this announcement, stating that Crypto Garage had searched for several other options before settling with Curv. He explained that the Blackbox service provides the best security with its signing services, as well as a flexible integration format. With this partnership, Shimada stated that it would be capable of allowing its clients to confidently and seamlessly trade in all forms of assets within the Liquid Network with the use of DvP settlement.

Providing Security At Its Finest

Curv has furthered its quest to create an easily accessible format for institutional investors to use digital currencies. Bitcoin wallets enables the users to insure $50 million in crypto through a strategic partnership with Munich RE. Furthermore, keyless cryptography is applied within Curv wallets, making it easier to buy Bitcoin and eliminates the single point of failure that private keys have.

Furthermore, Curv provided integration of Bitcoin SV back in February of this year. This allows for a flexible and secure building of large-scale applications within the BSV blockchain. Curv leverages a patent-pending multi-party computation protocol, which ensures each transaction is verified and approved online without the presence of a private key.

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