As part of this project, the two companies partnered for the transfer of a security token. Curv’s multi-party computation solution enables the secure signing of transactions in a mathematically proven and distributed way. During this transfer, it ensured the security of the private keys.
As a leading global custodian, BNP Paribas Securities Services constantly strives to anticipate its clients‘ needs. Therefore, the company carefully prepares for the development of custody solutions for regulated digital assets.
The successful PoC showed that a fast, secure, and transparent transfer of tokenized securities on the blockchain is possible. To carry out this transaction, BNP Paribas Securities Services and Curv used the ERC1400 token standard.
Source: Curv’s press release on Finextra
Find more news from the digital asset space here.