Investment company Franklin Templeton with $1.4 trillion in assets and Illuminate Financial led the additional Series A round for Curv, the crypto custody infrastructure provider. The investment amount was not disclosed, according to The Block.
In November 2019, Franklin Templeton announced the use of Curv technology to secure assets in a launched blockchain-based money market fund on Stellar. It was envisaged that the startup would take on the function of managing private keys that provide “instant access and full autonomy over digital assets”.
“The Curv cloud service and the technology stack eliminate the concept of private keys through multi-party computation (MPC). This enables signing transactions in a secure distributed manner to protect against data leakage and insider collusion,” said Joe Boerio, Chief Risk Officer at Franklin Templeton.
As reported in July, Curv raised $23 million in a Series A round from Commerzbank Group, Coinbase Ventures and Digital Currency Group.
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