TechFlow News – On September 23, 2021, Singapore time, Cobo, the largest cryptocurrency custodian, asset management platform, and one-stop technical infrastructure provider in the Asia-Pacific region, announced the completion of a $40 million Series B funding round led by DST Global, A&T Capital, and IMO Ventures.
The new funding will be used to enhance its DaaS (DeFi as a Service) offerings and obtain regulatory licenses to meet varying market requirements for anti-money laundering (AML) and counter-terrorism financing (CFT) compliance, maintaining Cobo's leading innovative position globally. This launch features the highly anticipated DaaS – "DeFi as a Service" offering.
According to reports, Cobo has cumulatively served over 300 institutions through its one-stop custody services, covering more than 85% of tier-two cryptocurrency exchanges in the Asia-Pacific region, with a total transaction volume reaching $20 billion.
