ICYMI: Former BitGo, Curv exec launches new crypto wallet security firm
Josh Schwartz’s new crypto firm has built an MPC-secured wallet platform for institutions.
Founder Josh Schwartz previously worked at two such companies. His first foray into crypto was at BitGo, where he served as a sales executive. In 2019, Schwartz joined Curv, which was acquired by PayPal in March 2021. Using a secure multiparty computation that distributes a user's private keys in a way that makes it more difficult to compromise, Fordefi says it will allow users to automate their engagements with blockchains and smart contracts.
Schwartz declined to name Fordefi's investors, but said that they were drawn to the firm because they have been active in decentralized finance and"they understand that opportunity means nothing if one can’t manage the risks — billions of dollars continue to be compromised and legacy solutions are not equipped to handle these new risks."
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