Washington, DC – March 17, 2021 – Cooley advised Curv, a leading provider of cloud-based infrastructure for cryptocurrency security, on its agreement to sell to PayPal. Lawyers Derek Colla, Josh Holleman and Justin Rattigan led the Cooley team advising Curv.
Expected to close in 1H, the sale comes on the heels of PayPal's announcement of its commitment to help shape the role that digital currencies will play in the future of financial services and commerce. Curv's strong team of technologists will add technical expertise to PayPal's newly formed business unit focused on blockchain, crypto and digital currencies.
"As a pioneer in security infrastructure for digital assets, Curv is proud to be recognized as an innovator and trusted partner to leading financial institutions around the world," Itay Malinger, CEO of Curv, said in a news release. "Now, as the adoption of digital assets accelerates, we feel there's no better home than PayPal to continue our journey of innovation. We're excited to join PayPal in expanding the role these assets play in the global economy."
Curv is a global trusted provider of digital asset security technology that is delivered as a fully scalable, enterprise-grade and compliant cloud service. Curv's multi-party computation technology simultaneously provides institutions the protection, instant availability and total autonomy over digital assets required to thrive in the digital economy.