TechFlow news: Cryptocurrency custody and asset management platform Cobo has established its headquarters in Singapore's central financial district at 1 Raffles Place, and is preparing to apply for relevant licenses from the Monetary Authority of Singapore (MAS). Cobo has already set up departments in Singapore including investment, client services, and institutional financial innovation, and is recruiting around 20 core personnel locally. The company aims to provide local institutions with cryptocurrency custody services and asset management solutions based on Bitcoin, Ethereum, and other compliant digital assets. Cobo’s two founders, Shenyu and Changhao Jiang, stated they will "actively embrace regulatory compliance," noting that as early as 2020, the company conducted anti-money laundering reviews and phased out non-compliant institutional clients. They added that Cobo will focus on opportunities in the DeFi and NFT sectors going forward.
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