Munich Re to Offer Coverage for Curv Digital Assets, Cryptocurrency

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Curv, a cloud-based totally institutional virtual asset wallet provider, has partnered with munich re to provide insurance safety of as much as $50 million for digital belongings presented through its provider.

Munich re will provide an decide-in approach to curv’s clients that gives the economic capability to pay for losses of crypto belongings. The insurance for curv is underwritten by using a primary insurance carrier of munich re institution.
In step with ali kumcu, head of cyber innovation and services, of munich re, curv’s institutional virtual asset pockets carrier reduces the risks related to conserving virtual property. The munich re coverage covers customer-controlled wallets in net-connected settings.

Curv has developed multi-celebration computation (mpc) protocols to signal blockchain transactions in a mathematically cozy, distributed manner, putting off the unmarried factor of failure introduced through non-public keys. The business enterprise stated virtual belongings cannot be stolen from curv’s wallet provider with a unmarried cyber breach or maybe through insider collusion.

Curv uses cryptography to deliver the cloud-based institutional digital asset wallet provider to control and secure all digital assets. Curv is established in the big apple with r&d places of work in tel-aviv, israel.

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