Franklin Templeton Investments, an investment firm that recently proposed to tokenize its new money market fund, will use Curv’s cryptocurrency wallet solutions to secure these tokenized shares.
The investment firm, which manages over $700 billion in assets, recently filed with the Securities and Exchange Commission (SEC) to track shares of its new government money market fund on the Stellar network. The firm will adopt Curv’s multi-party computation (MPC) protocols to secure these tokens, while retaining the ability to access them instantly, according to a company statement.
“Curv understood our demanding security requirements and our plans requiring a large scale,” said Franklin Templeton executive vice president Roger Bayston in the statement.
“In comparison to traditional tech stacks evaluated, Curv’s cryptography changes what is possible in digital asset custody, delivering to our clients instant availability and total autonomy over their investments.”
Curv’s cryptocurrency wallet solution allows users to take custody of their own digital assets while eliminating the need for private keys. Founded in 2018, the firm counts firms such as cryptocurrency trading shop Genesis Global Trading and digital asset trading platform iTrust Capital as its clients.
Franklin Templeton partners with crypto wallet service provider to secure tokenized fund written by Celia Wan @ https://www.theblockcrypto.com/linked/48016/franklin-templeton-partners-with-crypto-wallet-service-provider-to-secure-tokenized-fund?utm_source=rss&utm_medium=rss November 22, 2019 Celia Wan