PayPal acquires cryptocurrency security firm Curv

PayPal acquires cryptocurrency security firm Curv

Advised by Cooley, Curve, a cloud-based infrastructure company for cryptocurrency security, has signed an agreement to sell to PayPal

International law firm Cooley LLP has announced that it 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 that advised Curv.

The deal is expected to close in the first half of the current year. PayPal has already announced 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.

"Now, as the adoption of digital assets accelerates, we feel there is 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," Malinger further added.

Curv is a globally 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 with the protection, instant availability and total autonomy over digital assets required to thrive in the digital economy.