TechFlow News — Cobo, the largest crypto custodian in the Asia-Pacific region, stated it will actively engage with regulators to promote compliance for its DeFi business. Cobo has consistently embraced regulatory compliance, having obtained Hong Kong's TCSP license in 2019 and submitted an application for its renewal. The company has also renewed its MSB license issued by the U.S. FinCEN, with license number "31000197415541" publicly disclosed. Since the cold launch of its DeFi fund business last October, its proprietary DeFi fund has reached a TVL of $831 million, making it currently the largest institutional DeFi asset management product in the Asia-Pacific region.
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