Curv, a provider of cloud-based digital asset security, has raised $23 million in Series A funding from a group of investors, including CommerzVentures, Coinbase Ventures, Digital Asset Group, Team8 and Digital Garage Lab Fund, according to a blog post on Medium from CTO Dan Yadlin.

The company also introduced a group called public tX, which is an elite group of cryptographers and engineers that use the company's keyless technology to develop deployment models for crypto firms and traditional financial institutions.

The funding will be used to expand the New York-based company's international business, to innovate new products, to develop solutions inside tX and to hire additional talent.

"Despite a challenging economic climate, we're seeing strong growth among traditional financial institutions who require our enterprise-grade security infrastructure, robust governance engine and seamless integration with blockchain technology," Itay Malinger, CEO of Curv, said in a company release. "Unlike other legacy solutions, we simultaneously deliver the protection, instant liquidity and complete control for all institutions to thrive in the digital asset economy."

Curv is used by a variety of firms around the world, including eToro, Genesis and investment firm Franklin Templeton.