Cobo raised $40M Series B Round to Expand DaaS Offering for Institutional Investors
Cobo, Asia Pacific’s Largest Crypto Custody and Custody Platform Closed US$40 Million in Series B Round fundraising for its New DaaS (DeFi as a Service) Offering, Providing a One-Stop Solution for Secure, Fast and Compliant Access to DeFi for Global Institutions.
On September 23, 2021, Singapore time — Cobo, Asia Pacific’s largest crypto custody, asset management platform, and one-stop technology infrastructure provider, announced the closing of US$40 million Series B fundraising led by DST Global, A&T Capital, and IMO Ventures.
Cobo will use new funds to refine its DaaS services, apply for regulatory licenses to meet anti-money laundering (AML) and counter-financing of terrorism (CFT) compliance requirements in various markets, and continue to maintain its position as a global leader in innovation. Particularly focus on the launch of the highly anticipated DaaS — “DeFi as a Service”.
Cobo is considered as the Crypto Native, the first crypto digital wallet in China, founded by CEO Discus Fish and CTO Dr. Changhao Jiang With four years of continuous buildup, Cobo has served over 300 institutions through its one-stop Custodian service, covering over 85% of the second-tier crypto exchanges in the Asia Pacific, with a cumulative transaction volume of $20 billion.
Cobo’s institutional clients include Deribit , F2Pool, BitMart, and Pionex, among others. Client types cover exchanges, wallets, funds, mining pools, and traditional investment companies. The product is popular among clients for its security, high standards, compatibility, user-friendly, and features such as Loop Network Alliance and zero-fee transactions.
Cobo is the first leading wallet company in the world to offer Staking and masternode rewards on user holdings, making it easy for users to grow their digital assets effortlessly. As a company, we emphasize long-term security, reliability, and convenience. Our key products and services reflect that vision. Altogether, Cobo offers a secure mobile wallet (Cobo Wallet), and custodial services for institutional investors. With support for over thirty different coins, 700 tokens, and an integrated DApp store along the way, we aim to be a one-stop shop for everything crypto.
For more info about Cobo, visit https://cobo.com/