Curv has partnered with Solaris Digital Assets, a provider of digital asset custody and subsidiary of Solarisbank, to extend its reach into Europe following the onboarding of several BaFin-regulated custodians earlier this year.
The Solarisbank subsidiary, founded in 2019, provides digital asset custody, complementing its existing banking services.
On 17 November, Solarisbank announced Bitwala, a crypto-banking company in Germany, as a new client for Solaris Digital Assets. Bitwala will utilise Solarisbank’s platform to offer its customers digital bank accounts and cards.
Under the new partnership, Curv’s technology underpins Solarisbank’s new partnership and digital asset product delivery to Bitwala.
The new relationship is well-timed, according to Curv, due to its international growth plans and supportive regulatory developments in Germany, Asia Pacific and most recently the US.
Earlier this year, the Office of the Comptroller of the Currency (OCC) announced that US national banks could custody digital assets.
Alexis Hamel, managing director of Solaris Digital Assets, commented: “As a crypto-custodian fulfilling all license requirements, we offer our partners a cutting-edge custody solution that is also fully compliant with anti-money laundering regulations in Europe. Turning to a segment leader like Curv gives us peace of mind that we can continue to accelerate the adoption of digital assets.”
Curv co-founder and CEO Itay Malinger, said: “As a protocol-agnostic technology partner, we deliver a multi-party computation (MPC)-based security infrastructure that eliminates all single points of failure and affords institutions the option of a customised deployment to suit their specific needs for hot, warm, or cold wallet environments.”
In October, BNP Paribas Securities Services partnered with Curv to transfer security tokens securely between market participants.
The security token was transferred using Curv’s multi-party computation solution to ensure the security of the private keys.
