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Curv Banks On $23M Series A To Accelerate Digital Asset Adoption

, which is developing a digital asset security infrastructure to help crypto-native and traditional financial institutions create digital wallets, said it raised $23 million in Series A funding on Wednesday.

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The New York-based company鈥檚 security technology enables users to build cryptofinance products that safely transfer, store and manage any digital asset on any blockchain or digital system for recording transactions.

, , , and participated in the new round of funding, the company said in a written statement. In total, the company has since its inception in 2018, which includes a round in 2019, according to 附近上门 data.

鈥淔ew areas within fintech are as exciting as digital assets,鈥 said ,聽 managing partner at CommerzVentures, in a written statement. 鈥淭okens and coins are increasingly finding their way into asset managers鈥 books, and Curv is unlocking this market with their industry-leading technology.鈥

reported in June that a growing number of institutional investors see a place for digital assets in their portfolios, and more than a third already invest in the market. European investors are more likely to have digital assets in their portfolios today, but the report also said the percentage of U.S. investors with exposure to cryptocurrency futures increased from 9 percent in 2019 to 22 percent in 2020.

Curv, which has a research and development office in Tel Aviv, Israel, said funds will be used to continue its international growth, product innovations, hiring, and for new technology inside its tX offering鈥攁n elite group of cryptographers and engineers who use Curv鈥檚 technology to develop flexible deployment models.

鈥淒espite a challenging economic climate, we鈥檙e seeing strong growth among traditional financial institutions, who require our enterprise-grade security infrastructure, robust governance engine and seamless integration with blockchain technology,鈥 said , CEO of Curv, in a written statement. 鈥淯nlike other legacy solutions, we simultaneously deliver the protection, instant liquidity and complete control required for all institutions to thrive in the digital asset economy.鈥

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