A Sign of Rising Institutional Demand? New York Company Raises $6.5M to Improve Crypto Storage for Institutions
Jeremy Wall's original article for www.investinblockchain.com reduced by 53%
Curv, a cryptography pioneer headquartered in New York, raised $6.5 million for the creation of a new and innovative institutional digital asset wallet service for institutional crypto asset security. The service targets top-tier financial players who allocate significant amounts of capital to cryptocurrency investments and require more security and autonomy over their crypto assets. According to Curv's research and development team, the slow and drawn-out process of onboarding institutions to the crypto industry could very well be due to the operational complexity of storing and signing blockchain transactions with private keys.
"Curv is solving the eternal trade-off between security and availability. No longer do institutions or enterprises need to maintain physical security that doesn't scale or hot wallets that are difficult to integrate and secure. Curv gives them a single solution that does it all." Curv's new and innovative security service for institutional investors may be a sign there is a rise in institutional demand.
The co-founder and CEO of eToro and advisor to Curv, Ronen Assia, is very excited about Curv's new security initiative and looks forward to offering their security solution to eToro clients. Per the press release, Curv's institutional digital asset wallet service will be a subscription service that becomes available on March 25, 2019.
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Summarised crypto news.