Announcing its association with Curv, IOTA said that its tokens would be soon available on the industrial-grade custody platform of the Curv. The digital asset custody services provided by the Curv are quite popular among target customers, and once the IOTA incorporates the upcoming network update, Curv will become the very first custody solution incorporating the IOTA in its portfolio.
This incorporation means that in the future, IOTA token service will be available for all institutional investors who are using the custody solutions of the Curv. The benefit is not only limited to the exchanges, but products in the category of decentralized finance (DeFi) will also benefit from this association. This is primarily because the growing integration between different services and solutions in the DeFi category is becoming an enabling factor for the scalability of projects besides enhancing interoperability for seamless use across the platforms.
The importance of this partnership for IOTA is really crucial as the company aims to achieve higher growth for its ecosystem and that too at a large, institutional scale. The customer services provided by the Curv are very genuine, and their credentials are well established in the market. As the native wallet of the IOTA cannot provide support for large token holders, this association will help to make up for this deficiency. Especially in the industrial domain, where large-scale adoption is intended amidst rapidly changing regulatory and legal compliances, this collaboration is very much prominent.
Further, products and services in the DeFi space which require the custody solution will find this new coming together extremely beneficial. In sum, IOTA is confident of having a wider adoption across categories, including new segments like decentralized finance and applications, among others, as it is all set to be offered on Curv’s custody services platform.