Curv
Israeli digital-asset infrastructure company that built one of the early institutional MPC-based crypto custody platforms, acquired by Coinbase in March 2021.
Curv was an Israeli digital-asset infrastructure company that built one of the early institutional cryptocurrency custody platforms based on multi-party computation (MPC) for private-key management. The company was acquired by Coinbase in March 2021 and integrated into Coinbase Custody, making it one of the earliest large Israeli exits in the institutional crypto-infrastructure category.
Curv was founded in 2018 by Itay Malinger and Dan Yadlin, both alumni of Israeli national-cybersecurity units. The technical premise was to replace single-private-key hardware-security-module architectures with cryptographic key-shares distributed across independent parties — eliminating the single-point-of-failure that had driven the largest historical crypto-custody losses.
Product and acquisition
Curv's pre-acquisition product was a cloud-based MPC custody platform sold to banks, exchanges, asset managers, and corporate treasuries. The technical approach is closely related to the MPC architecture later popularized by Fireblocks, with which Curv was a category competitor before the Coinbase transaction.
In March 2021, Coinbase announced its acquisition of Curv. The transaction price was not publicly disclosed, with press estimates placing the deal in a range commonly reported as several hundred million dollars. The acquisition closed shortly before Coinbase's own direct listing on Nasdaq and gave the platform a captive MPC-custody capability inside Coinbase Custody.
Position in the Israeli digital-asset cohort
Curv sits within the small group of Israeli digital-asset infrastructure exits to listed US digital-asset platforms — the most notable peer transaction being the 2022 acquisition of GK8 by Galaxy Digital. Together with Fireblocks (remaining independent) and StarkWare (in zero-knowledge protocol infrastructure), these companies define the Israeli institutional digital-asset infrastructure cohort.
The Curv-Coinbase transaction is one of the earliest reference acquisitions in coverage of how the largest US crypto platforms acquired Israeli MPC and custody talent.
