Curv completes $23 million Series A funding round

CommerzVentures, Coinbase Ventures and Digital Currency Group are among the investors backing Curv’s keyless digital asset security infrastructure with a $23 million Series A funding round.

Curv is used by dozens of customers across the globe, including global investment firm Franklin Templeton, which leverages Curv’s infrastructure to expand into the burgeoning digital asset market. It also provides solutions for crypto-native institutions such as eToro and Genesis.

The funds will be used to continue Curv’s international growth, development of new solutions, product innovation and recruitment.

“Few areas within fintech are as exciting as digital assets. Tokens and coins are increasingly finding their way into asset managers’ books. Curv is unlocking this market with their industry-leading technology and we are happy and excited to partner with Itay, Dan and their impressive team,” said Stefan Tirtey, Managing Partner at CommerzVentures.

recent survey found that nearly 80% of institutional investors in the U.S. and Europe see the appeal of digital assets, including more than a third who have already invested in the market. The percentage of U.S. investors with exposure to cryptocurrency futures increased from 9% in 2019 to 22% in 2020.

“Despite a challenging economic climate, we’re seeing strong growth among traditional financial institutions,” said Itay Malinger, CEO of Curv. “Unlike other legacy solutions, we simultaneously deliver the protection, instant liquidity and complete control required for all institutions to thrive in the digital asset economy.”