Cryptocurrency

Curv Provides Keyless Cryptography-based Wallet Solutions for Institutional Clients

For anyone who has been quite active in the cryptocurrency arena will be well-aware of the importance that “private keys and public keys” hold for an investor. The combination of a public key and a private key is what makes a wallet address.

A private key is a random secret number which helps one to spend or invest their digital assets. Every wallet comprises of one or more private keys stored in the respective wallet file of the owner. The key is mathematically synced to the wallet address, which helps in the identification of an address. However, the key should be kept secure so that nobody can retrieve the private key from the address. As more people are showing a keen interest in cryptocurrencies, the entities and firms providing crypto tools and services are putting in their best efforts to outperform their competitors from the industry.

Interestingly, crypto wallet providing platforms have shown a major development in terms of advancement, security upgradation, and user-friendliness. A prominent wallet solution that has brought about a revolution in the industry through its excellent operational capacities is Curv.

Curv takes pride in providing the first-ever cloud-based institutional digital asset wallet service with multi-party computation protocols (MPC). The technology ensures that every transaction on the network is signed in a fast, secure, and distributed manner so that there exists no risk of cyber frauds, physical loss, and inside issues. The platform promises the users to employ a system that does not force them to worry about the security of their private keys.

Curv fosters private keyless cryptography by rendering an enterprise-level policy engine. The users or institutions are exposed to an ecosystem where they can quickly add new digital assets to their portfolio without taking the pain to manage private keys on time-consuming blockchain infrastructures.

The dedicated team of Curv has given shape to a new standardized institutional digital asset security mechanism by eliminating blockchain’s irreversible single point of failure. Curv has proliferated into the crypto market successfully through its expertise in cryptography and cloud security.

Recently, Dan Yadlin, the honorable Co-founder and CTO of Curv, was bestowed upon with Gartner Cool Vendor Award 2019. The Curv team was selected as a Cool Vendor in Blockchain Security and Privacy.

What makes Curv a leader in the crypto wallet industry?

In November 2019, Curv became the first and the only multi-party computation cryptocurrency wallet to be showered upon with the Service Organization Control 2 (SOC 2) Type II status after the successful audit conducted by EY Israel in association with the attestation standards framed by the American Institute of Certified Public Accountants (AICPA).

The firm’s institutional wallet is studded with high-grade security features and compliances, which affirm that custodians, OTC desks, crypto trading platforms, and asset managers have full control over their assets as well as have instant availability in a secure ecosystem.

The audit report confirmed that Curv has built a revolutionary working framework for its internal organization that demands accountability at every step and ensures the best possible security standards for the products.

Curv has always been a fair player when it comes to giving the best facilities to the customers. The startup in February 2019, announced that it raised a whopping sum of $6.5 million in a funding round led by Team8 and Digital Currency Group. The other investors in the funding round included Flybridge Capital, Jump Capital, Monex Group, and Liberty City Ventures.

Conclusion

Curv has been ardent in making sincere efforts to improve its platform by ensuring the delivery of the best features to the institutional investors. The high-grade security protocols used in the wallet platform, allow the users to become the sole controllers of their digital holdings. They can feel secure while investing their funds at their convenience. The project looks quite promising and is likely to bring more accolades to its credit in the near future.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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