$1.4 trillion global asset manager Franklin Templeton backs cryptocurrency startup Curv to secure and accelerate digital asset adoption

Curv is a New York-based cryptocurrency startup and a developer of digital asset security infrastructure helping crypto-native and financial institutions to create digital wallets. Founded just two years ago, Curv’s security technology enables users to build crypto finance products that safely transfer, store, and manage any digital asset on any blockchain or digital system for recording transactions.

With a $30 million war chest, Curv is building alliances and beefing up its partnership with financial companies. One recent partnership is Franklin Templeton, a $1.4 trillion global asset manager. In a release, Curv announced that Franklin Templeton has selected its institutional wallet service to protect digital assets for the firm’s new money market fund, making the firm the first traditional asset manager to tokenize shares on a public blockchain selects Curv to protect digital assets and recorded on the Stellar Network.

A pioneer of multi-party computation crypto storage technology, Curv’s infrastructure is leveraged by an array of financial services companies, including Franklin Templeton. Curv was founded by Dan Yadlin and Itay Malinger. Its decentralized security model utilizes multi-party computation (MPC) protocols, enabling transactions to be securely signed in a mathematically-proven, distributed way. Its enterprise-grade policy engine allows clients to define risk profiles and enforce granular policies to ensure only authorized transactions are allowed.

“Curv’s cloud-based service and tech stack eliminate 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,” commented Joe Boerio, EVP, Chief Risk and Transformation Officer at Franklin Templeton.

Curv is setting a new institutional standard for digital asset security, using revolutionary cryptography to deliver the industry’s first cloud-based Institutional Digital Asset Wallet Service.

“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,” said Itay Malinger, CEO and Co-founder of Curv.

Curv’s platform delivers a simple, distributed way to secure and sign transactions on blockchain technology and is swiftly being adopted by exchanges, custodians, lenders, OTC desks, and asset managers. In May, the company obtained digital asset insurance protection of up to $50m for its customers from Munich RE. Curv recently became the first and only MPC digital asset wallet solution to obtain SOC 2 Type II status.

Curv has raised a total of $29.5M in funding over 2 rounds. Its latest funding was back in July from a Series A round.
The startup is funded by 8 investors with recent backers including DG Daiwa Ventures and Team8.

Franklin Resources is a global investment management organization operating as Franklin Templeton. The firm provides global and domestic investment management to retail, institutional, and sovereign wealth clients in over 170 countries. The firm has more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California-based company has more than 70 years of investment experience and over $692 billion in assets under management as of September 30, 2019.